While consumers are shouldering the pain of higher prices for heating their homes or filling up at gas stations, Oil- and energy company executives have said that soaring profits from traditional businesses are

"helping them invest in lower-carbon projects as they transition to renewable energy"

but those parts of their businesses—and profits generated by them—remain small.

The major oil companies have used part of those big profits to reward shareholders.

https://www.wsj.com/articles/bp-profits-surge-on-high-energy-prices-11659422257