History-making profits. World-ending emissions.
Companies causing the climate crisis must pay for the loss and damage they’ve created. In 2024, profits for the five oil majors earned them more than
$102billion1
Download the data for the latest financial quarter.
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In the same year, climate disasters increased in frequency and intensity, culminating in the hottest year in recorded history. Instead of investing profits in the transition to clean energy, oil majors continue their destructive investment in fossil fuels.
It’s estimated, due to climate damages caused by oil majors’ emissions, annual loss and damage by 2030 will cost

The creation of a global climate damages fund is the fairest way to make polluters pay.
Profit per minute — Q4 2024
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In 2023, the global oil and gas industry earned record income of more than $2.7 trillion, while they invested just 4% of capital expenditure on clean energy.
Meanwhile, climate-related disasters are devastating the world’s poorest communities. 2021’s devastating floods in Pakistan are estimated to have cost the country $40 billion.


Global CO2 emissions from fossil fuels hit a record high in 2024. If emissions stay at these levels, the remaining global carbon budget keeping warming below 1.5OC will be gone in six years.4
Annual emissions of Big 5 oil majors compared to countries5, 6
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Figures shown in million tonnes CO2e in 2023


In 2024, oil major CEOs received enormous annual bonuses. Over the last decade, the CEOs of Chevron & Exxon have been paid half a billion dollars.7
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Darren Woods
CEO, ExxonMobil
Annual salary and bonuses
$44052537
2024
$44,052,537
2023
$36,919,898
2022
$35,909,231

Mike Wirth
CEO, Chevron
Annual salary and bonuses
$32716940
2024
$32,716,940
2023
$27,385,655
2022
$24,192,742

Wael Sawan
CEO, Shell
Annual salary and bonuses
$10768750
2024
$10,768,750
2023
$9,873,000
2022
$11,995,000

Patrick Pouyanné
CEO, Total Energies
Annual salary and bonuses
$9799942
2024
$9,799,942
2023
$9,027,084
2022
$7,990,876

Murray Auchincloss
CEO, BP
Annual salary and bonuses
$6695000
2024
$6,695,000
2023
$11,434,615
2022
$12,431,970
The numbers don’t lie.
Sources
Adjusted earnings (Source: company reporting)
Based on UN IHLEG estimated annual costs of climate change by 2030.
Distribution of cash spending by the oil and gas industry, 2008-2022 (Source: IEA)
Global carbon budgets (Source: Global CO2 emissions will reach new high in 2024 despite slower growth, Carbon Brief)
Company emissions: Scopes 1 & 2 – operational control, Scope 3 – category 11, upstream production only, 2023 (Source: company reporting)
2023 Domestic GHG emissions only (Source: EDGAR Community GHG Database)
Total compensation = salary + annual bonus + long term incentives (Source: company reporting)