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Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

Shell profit more than doubles to $9.8 billion, second-highest on record, as Iran war lifts prices

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's net profit more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle East conflict.
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Shell's Profits Surge Amid Rising Oil and Gas Prices Due to Middle East Conflict

Shell's Profits Surge Amid Rising Oil and Gas Prices Due to Middle East Conflict

Shell's Profits Surge Amid Rising Oil and Gas Prices Due to Middle East Conflict
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Shell's profit more than doubles to $9.8 billion as Iran war boosts oil, gas prices

Shell's profit more than doubles to $9.8 billion as Iran war boosts oil, gas prices

By Stephanie Kelly and Shadia Nasralla LONDON, July 30 (Reuters) - Shell's adjusted earnings, its measure of net profit, more than doubled from last year to $9.84 billion in the second quarter, beating expectations, helped by higher energy prices and increased market volatility during the Middle
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Exxon Mobil CEO Darren Woods Discusses Profit Fluctuations Amid Market Volatility

Exxon Mobil CEO Darren Woods Discusses Profit Fluctuations Amid Market Volatility

Exxon Mobil CEO Darren Woods Discusses Profit Fluctuations Amid Market Volatility
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Chevron Corporation Positioned to Benefit from High Commodity Prices Amidst Market Volatility

Chevron Corporation Positioned to Benefit from High Commodity Prices Amidst Market Volatility

Chevron Corporation Positioned to Benefit from High Commodity Prices Amidst Market Volatility
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Whitehaven Coal Achieves High Output and Low Costs Amid Market Challenges

Whitehaven Coal Achieves High Output and Low Costs Amid Market Challenges

Whitehaven Coal Achieves High Output and Low Costs Amid Market Challenges
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Oil jumps 7% on escalating Middle East airstrikes

Oil jumps 7% on escalating Middle East airstrikes

By Nicole Jao NEW YORK, July 29 (Reuters) - Oil prices climbed 7% on Wednesday as airstrikes resumed in the Middle East, adding to worries about dwindling supply as U.S. government data showed crude inventories fell to a multi-year low.
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Fossil Fuel Giants Expected to Double Profits Amid Rising Emissions Impacting Global Heatwaves

Fossil Fuel Giants Expected to Double Profits Amid Rising Emissions Impacting Global Heatwaves

Fossil Fuel Giants Expected to Double Profits Amid Rising Emissions Impacting Global Heatwaves
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Baker Hughes flags lower spending by oil and gas producers in 2026

Baker Hughes flags lower spending by oil and gas producers in 2026

By Vallari Srivastava and Sumit Saha July 27 (Reuters) - Baker Hughes said on Monday it expects annual global spending by oil and gas producers to decline modestly this year, with growth in Latin America, offshore Africa, and North America land offset by lower spending in Europe and the Middle East.
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EU Confirms Oil Supply Stability Amid Middle East Tensions

EU Confirms Oil Supply Stability Amid Middle East Tensions

The European Union (EU) has assured that there are no immediate supply issues concerning crude oil and oil products, despite ongoing conflicts in the Middle East. This announcement follows a meeting involving the European Commission, EU countries, the International Energy Agency (IEA), and NATO. While the EU can currently meet its oil demand through commercial stocks and alternative global supplies, the European Commission warns that prolonged Middle East conflicts could tighten markets in the future. The situation is compounded by reduced cargo volumes through the Strait of Hormuz, a critical chokepoint for global oil transport.
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SLB CEO sends clear message on oil services upcycle

SLB CEO sends clear message on oil services upcycle

Wall Street spent most of July bracing for a rough quarter for SLB N.V. (SLB), formerly known as Schlumberger Limited.  Fighting in the Middle East had shut in wells, and oil prices were sliding amid U.S.-Iran peace talks. This caused six brokers to trim their price targets going into the ...
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Oil touches over one-week low as pause in attacks brings hope of US/Iran deal

Oil touches over one-week low as pause in attacks brings hope of US/Iran deal

By Anushree Mukherjee July 28 (Reuters) - Oil prices extended losses on Tuesday, hitting their lowest levels in more than a week as hopes for a resolution to the U.S.-Iran conflict grew and traders continued to assess developments in the Middle East.