Updated · Greater Baton Rouge Business Report · May 8
Shell posts strongest quarterly earnings in two years amid Iran war volatility
Updated
Updated · Greater Baton Rouge Business Report · May 8
Shell posts strongest quarterly earnings in two years amid Iran war volatility
8 articles · Updated · Greater Baton Rouge Business Report · May 8
CEO Wael Sawan said trading gains from oil and refined-products swings boosted results, while damage affecting Qatar operations could ease quickly if the Strait of Hormuz reopens.
Shell still expects a significant second-quarter drop in gas production as disruptions persist, and is preserving cash by trimming its share buyback programme for potential future opportunities.
The update highlights how major energy companies are benefiting from higher prices while managing operational disruption, geopolitical risk and uncertainty over how fast Middle East supply chains can recover.
As the Hormuz blockade creates the biggest energy threat, can new supply chains be built fast enough?
Will record oil profits today lead to fossil fuel's permanent decline tomorrow?
With Shell profiting and Iran charging tolls, who truly controls the world's energy flow now?