Energy titan Shell reports Q1 earnings of $6.9 billion, far exceeding analyst expectations of $5 billion…
Climate campaigners and UK lawmakers attack the “obscene” windfall generated by the spike in global oil prices…
The profit surge is directly linked to the Iran-Hormuz conflict which pushed Brent crude toward $120 in April…
Shell’s stock rises in London despite broader market concerns about a potential “windfall tax” expansion…
Activists from Greenpeace and Just Stop Oil target Shell headquarters, demanding a pivot to renewable investment…
CEO Wael Sawan defends the results, citing the company’s “critical role” in securing Western energy supplies…
[May 6] Renault reported a “seismic shift” in electric car interest following the war-driven oil price shock.
[April 29] Brent crude neared $120 a barrel for the first time since 2022 as the blockade tightened.
The tankers are stopped, but the cash is flowing through the pipes just fine.