Six of the world's largest fossil fuel companies, Chevron, Shell, BP, ConocoPhillips, Exxon and TotalEnergies, are on track to make almost $3,000 in profits per second this year, according to a report by Oxfam International. This comes as households across the world struggle with high energy prices and inflation, leading to a cost-of-living crisis. The total projected fossil fuel profits for 2026 for these companies are approximately $94 billion. The profits have increased as the Iran conflict continues, with Iran's heavy restrictions on the Strait of Hormuz causing global oil prices to rise. However, these profits have not been reinvested into a transition to clean energy, with many companies having reduced planned investment in renewable energy and increased oil and gas spending.