BP, Shell, TotalEnergies Add Up to $4.75 Billion in Q1 Trading Profit as Iran War Jolts Oil
Updated
Updated · OilPrice.com · May 11
BP, Shell, TotalEnergies Add Up to $4.75 Billion in Q1 Trading Profit as Iran War Jolts Oil
5 articles · Updated · OilPrice.com · May 11
$3.3 billion to $4.75 billion in extra first-quarter trading profit was likely generated by BP, Shell and TotalEnergies versus late 2025, analysts cited by the Financial Times estimated.
Extreme volatility and a sharp oil-and-gas price spike tied to the Iran war lifted returns at the European majors' large trading desks, helping offset lost Middle East production.
Shell, BP and TotalEnergies all reported stronger quarter results, with BP more than doubling profit year on year and TotalEnergies lifting its interim dividend 6% after a 30% earnings rise.
European majors outperformed ExxonMobil and Chevron in trading, while the U.S. firms remained more exposed to production losses even though higher crude prices still helped them beat expectations.
As war profits soar, have European oil traders permanently eclipsed their more cautious American rivals?
With traders reaping billions from war, what will the Justice Department's investigation into suspicious oil trades uncover?
Since market chaos yields record profits, is extreme volatility now a permanent feature of the global economy?