India, April 28 -- Six of the biggest fossil fuel companies are projected to earn $2,967 a second in profits in 2026, according to new research by non-profit Oxfam, even as the first global conference on Transitioning Away from Fossil Fuels is underway in Santa Marta, Colombia.

This marks an increase of almost $37 million a day compared to the 2025 profits of these six corporations - Chevron, Shell, BP, ConocoPhillips, Exxon and TotalEnergies, noted a statement by Oxfam. Their total projected fossil fuel profits of 2026 are $94 billion: enough to provide solar power for the energy needs of almost 50 million people in Africa.

"In the context of the global energy crisis, Oxfam commissioned new polling in seven countries. It found that thr...