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BP, Shell, TotalEnergies Pocket Billions in War-Driven Trading Windfall - Crude Oil Prices Today | OilPrice.com
Overview
A new analysis finds BP, Shell and TotalEnergies earned as much as $4.75 billion extra in Q1 trading as the Iran war drove crude prices and market volatility higher. The gains came mainly from their trading desks capturing price swings rather than upstream production, and mirror broader sector windfalls from the conflict. The report reinforces other signals of major profit jumps and large industry gains tied to war-driven supply risks and shipping disruptions.
Entities
ORGOilPrice.comORGShellORGBPORGTotalEnergiesIMF
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