Eight large oil and gas multinationals made €83 billion in profits in three months.

Omissions

• The figure is reported by the source in US dollars ('almost $93bn', '£69bn'); the MEP presents it as €83 billion, a currency conversion rather than the figure as originally published.
• The claim does not specify the reference period: the source figure covers Q2 2026 (the three months to the end of June), a quarter boosted by the Iran conflict, which was the highest quarterly level since 2022 — the speaker selects a war-driven peak quarter without noting this context.
• Only one independent source (The Guardian's own analysis) carries the exact magnitude; no primary source (company earnings reports, Eurostat) was located.
• The source (Guardian analysis) was published 2026-08-04, after the quarter it describes but before the session date, so the MEP could have known it.

Sources

• SecondaryThe GuardianGuardian analysis found that the eight listed oil producers made almost $93bn (£69bn) in the three months to the end of June; 'Eight of the biggest oil companies amassed profits of more than $90bn (£67bn) in just three months as the Iran conflict sent energy prices' up.
• SecondaryAl JazeeraCompanies like ExxonMobil, Chevron, Shell, and BP have climbed the ladder amid chaos, netting billions in profits as the war drags on.