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08.04.26 - 09:54
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Shell oil trading profits soar amid Iran war but Qatar strikes hit gas output (The Guardian)
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Company earnings expected to soar to between $200m and $700m in first quarterBusiness live – latest updatesShell is expected to report “significantly higher” profits from its commodity trading desks in the first quarter of this year after weeks of market volatility triggered by the Iran crisis.The surge in energy commodity markets over recent weeks is expected to drive up trading results at Shell's chemicals and products unit, which includes its main oil trading desk. Continue reading......
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06.04.26 - 13:30
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How defense contractors and oil companies profit from war on Iran as US gas prices soar (The Guardian)
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As Americans struggle amid the threat of higher inflation, Lockheed Martin, Shell and other companies are experiencing gainsTwo weeks into the US-Israel war with Iran, the White House was fielding heavy criticism that the conflict would drive up gas prices and frustrate voters. Donald Trump turned to Truth Social to appease Americans about gas prices, which were slowly climbing toward $4 a gallon.“The United States is the largest Oil Producer in the World, by far, so when oil prices go up, we make a lot of money,” he wrote. Continue reading......
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12.03.26 - 11:48
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Shell CEO′s pay jumps 60% despite slump in oil firm′s profits (The Guardian)
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Campaigners say people unlikely to 'look favourably' on package for Wael Sawan, which rose to £13.8m in 2025The chief executive of Shell saw his pay jump more than 60% to almost £14m in 2025 despite a slump in profits at the oil company and prospects of rising pump prices related to war in the Middle East.The package for Wael Sawan, who took the top job in 2023 and has refocused the company on fossil fuels, rose from £8.6m in 2024 to £13.8m in 2025. Continue reading......
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