Greenpeace reports Shell profits boosted by Iran war crisis
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
Greenpeace analyzed Shell's financial performance, noting that the company has seen profits of £60,000 a minute over the past three months due to the Iran war crisis. The firm's share price has risen by over a quarter since the conflict began at the end of February. The analysis also found that the CEOs of rivals TotalEnergies and Equinor saw their shareholdings jump by a combined £18.9m.
From aol.co.uk
Why it matters
The geopolitical conflict in the Middle East is directly influencing the financial performance and share values of major multinational energy companies. The crisis has driven significant increases in the profits and stock valuations of firms like Shell and its competitors.
From aol.co.uk
Who's involved
- ShellBritish multinational oil and gas company whose profits and share price increased due to the crisis.
- TotalEnergies EP NorgeNorwegian oil and gas company whose CEO's shareholdings increased alongside rivals.
- Equinor ASANorwegian oil and gas company whose CEO's shareholdings increased alongside rivals.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- ExxonMobilSpeculative
ExxonMobil might see its share value increase as the conflict drives up market oil prices.
- Equinor ASASpeculative
Equinor might see its share value increase as the conflict drives up market oil prices.