Oil
Big Oil Cashes in on Trump Campaign Investment, Doubles Earnings Compared to Last Year
CEII brief
CleanTechnica reported on 30 Oct 2026: Big Oil Cashes in on Trump Campaign Investment, Doubles Earnings Compared to Last Year.
Read the full story on CleanTechnicaWashington, DC — Big Oil companies have begun to release their quarterly earnings. Shell reported today that it nearly doubled its earnings from the same quarter last year and that Q3 of 2026 was its highest earning quarter since 2022, following Russia’s invasion of Ukraine.
Context from CEII
Crude benchmarks move budgets, currencies and inflation in producer and importer countries alike. For economies such as Nigeria, where fuels dominate exports, production and refining decisions move the whole economy.
43.1% of Russia’s merchandise exports were fuels in 2021Countries in this story
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