the turkish city of antakya is one of the most severly damaged, with some of the country s significant historic monuments lying in ruins. now on bbc news, talking business. hello, everybody. a warm welcome to talking business weekly with me, aaron heslehurst. on the show, the windfalls of war. $200 billion, the total amount of profit taken last year alone by the world s major oil companies. president biden and other world leaders are accusing the oil companies of war profiteering at a time of a cost of living crisis not seen in a generation. instead of reaping the cash and paying much of it out to shareholders should big oil be pumping it back into exploration, or even into the great energy transition? i will be discovering all of that with these two. president of energy policy research foundation, club. also, clothes, food, tv, much of the energy that you use, all brought to you by a ship. i will be taking the pulse of the industry with the big boss at the head of the world
portfolio, but are also able to bring their key skillset to bear on a build out of a more sustainable energy system, whether in renewable power, biofuels, carbon capture and storage, or an electric vehicle networks. it s flexibility, it s financial discipline, it s a strong position in research and development. here are the big questions for big oil. how do theyjustify reaping record profits when hundreds of millions, if not billions of people, are struggling to heat their homes and full up their cars? fillup. and are they investing enough and smart enough to secure their own survival to 2050 and beyond? let s get those answers from a man who is a big figure in the us oil industry and has been working on oil politics since the energy crisis of the early 1970s.