"Our fossil-fueled economy is rigged in favor of oil giants," said a Greenpeace campaigner. "Whether it’s war or wildfires, they profit, we pay."

The energy giant's profits jump by nearly a quarter as it benefits from the recent volatility in the oil price

As Shell announces bumper Q1 profits of $6.9 billion, new analysis from Global Witness reveals that six of Europe’s leading oil majors – bp, Shell, TotalEnergies, Eni, Equinor and…

"Our fossil-fueled economy is rigged in favor of oil giants," said a Greenpeace campaigner. "Whether it’s war or wildfires, they profit, we pay."

Shell’s $6.9bn in profits since the start of the Iran war have reignited calls for a windfall tax. Lucy Hough speaks to the Guardian’s energy correspondent, Jillian Ambrose

Firm benefits from conflict to rake in $6.9bn as higher energy prices turbocharge profits

Through surging profits or soaring share prices, the war has been a boon for some firms.