ENERGY firms raked in an excess of £6 billion in Iran war windfall profits this year, it was revealed today as households brace for yet another bill rise at the end of the month.

Campaigners said profits generated in Britain by these companies equate to over £200 for every household in the country, while a further increase in gas prices is expected in the next Ofgem price cap announcement on August 26.

Financial results posted by the world’s top energy firms revealed their British profits are only one part of their global profits, totalling £95bn in 2026.

Analysis from the End Fuel Poverty Coalition (EFPC) revealed the excess profits linked to global energy market disruptions as a result of the US war on Iran, which has increased cost pressures on households in Britain, as well as other countries.

Researchers looked at financial results posted by BP, Centrica, Chevron, Equinor, ExxonMobil, Iberdrola, Shell and Total.

EFPC co-ordinator Simon Francis said windfall profits must be considered alongside previous findings saying a third of households are “on the brink of, or are in energy debt.”

“These price shock profiteers are doing very well out of the Iran conflict, but they are doing little to solve the underlying problems,” Mr Francis said.

“As people brace for the next price cap announcement on August 26 and a third of households are on the brink of or in energy debt, the energy industry watches the profits climb.”

Mr Francis called for Andy Burnham’s government to tax bumper profits linked to the war in Iran and “use these profits to support households, help people to make their homes more energy efficient and build the homegrown renewable energy that ends our exposure to these shocks for good.”

The EFPC also warned the Prime Minister against allowing North Sea oil projects to go forward, saying: “Long-term energy security cannot be built on a declining North Sea where firms have already extracted 90 per cent of commercially viable gas.

“The geology of the basin means import dependence is only going one way.”

Uplift deputy director Robert Palmer also called on the government to protect “the public’s health, lower bills and a safe climate ahead of oil company profits and speed up the shift to clean energy.”

“Oil bosses and shareholders are reaping a tainted dividend, while bill payers face sky high prices and the growing impact of climate change,” Mr Palmer said.

He added that oil and gas firm profits made this year were “largely a war bonus from the Iran conflict.

“The war isn’t only a humanitarian disaster, it’s also an economic disaster for ordinary people who have ended up paying a ‘Trump tax’ as the cost of energy rises.”

Shell posted adjusted earnings of £7.3bn for the second quarter of 2026, which EFPC pointed out was its best result in four years, up 120 per cent on the same period last year.

Equinor added to its bumper first quarter by posting £8.58bn in adjusted operating income for the second quarter of 2026.

And Centrica, which owns British Gas, added a further £497m in adjusted operating profit in the first six months of 2026, which brings its total since privatisation 40 years ago to more than £56bn.

EFPC analysis also found that the personal fortunes of those at the top of the energy firms have increased substantially since renewed hostilities between the US and Iran last month. 

The bosses of BP, Chevron, Equinor, ExxonMobil, Shell and TotalEnergies have seen the combined value of their personal shareholdings go up by more than £30 million between February 26 and July 31.

The coalition highlighted the £2m value increase in personal shareholdings of new BP boss Meg O’Neill, as the company is threatening to leave the North Sea.