Posted on 05/07/2026 2:50:52 AM PDT by RandFan
Shell has revealed a surge in quarterly profits on the back of the Middle East conflict but also given an update on costly war damage to its output.
The oil and gas firm reported net profits of $6.9bn (£5.1bn) for the first three months of the year.
The sum is more than double the result achieved between October and December 2025 and 24% higher on the same period last year.
Like rival BP last week, Shell said the main boost to its bottom line came from oil trading, while profits in its chemicals and products business quadrupled.
The headline profits figure was higher than expected despite elevated prices from the war only taking effect from March.
Before the US-Israeli attacks on Iran, on 28 February, a barrel of Brent crude for example stood at $72.
(Excerpt) Read more at news.sky.com ...
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Rand - Massie - MTG is a racket. Useless grandstanders. They are screwballs, they are not principled mavericks as their followers like to brag. And their good buddy Qatarlson is busy with his 5x head bumping prayers to Mecca.
We’ve been at war with the mullahs for decades.
Deep States all over the globe were fine with that.
Pres. Trump decides to end it by winning it.
As for energy prices...
I lived through the 70s.
We’ll get through this.
All are (or were) elected officials perhaps listening to them might help
Yes, you’ll get through it but with a heavy dose of Socialism being ushered in via the next Democratic administration and Congress as things turn
You’ll soon find out that war is not popular either.
Glowing is even less popular - at least with me.
Besides, even with nukes aside, do you SERIOUSLY think that the mullahs would not use this sort of economic warfare eventually, anyway? That capability would come once they had increased their missile force to the point no one, even the US with Israeli assistance, could be sure said allies could prevent Iran from damaging Gulf States’ oil infrastructure to the extent that Iranian control of the Straits of Hormuz would become a moot point.
The problem with people like you is that you are a nice, civilized, perhaps even over-civilized, person, and do not fully comprehend what the mullahs and their followers are, because it is so truly alien to you. (Two things can help - a firm analytical background in depth in rather old school Christianity, and / or a firm background in so-called “hard” speculative fiction that studies potential alien psychologies - often based in non-Western schools of hostile thought..)
Addressing the economics: This is a short term trend. The question is what happens over the next decade or two if Trump succeeds here.
The cost is too high
You’re going to have years of Democrat administration and super majorities to deal with because WAR IS NOT POPULAR especially among independent voting blocks. FR Is a bubble
Here is your shortcut. Libertarians (Rand Paul) usually are atheists or too secular. Both cannot comprehend how fanatics can be so religiously motivated to kill others. They will categorize them as crazy and move on. Meanwhile the Shiite Twelver fanatical fundamentalists of Iran dig their tunnels, arm their proxies, pursue nuclear weapons, build their missiles with longer and longer ranges.
War should never be popular.
But some need to be fought and won.
Trump is fighting and winning this one.
God bless him for it.
The president is waging war on a number of fronts.
The Iranian regime is just one front in a much wider war.
If he wins, our republic is saved.
Hakeem Jeffries, Chuck Schumer, and Bernie Sanders are or were elected officials. Perhaps listening to them might help.
Not on “our” side though. A big distinction
Which “side” is “ours”?
Are you on “my” “side”? Doesn’t look like it, on this thread ...
Anyway, you’re moving the goal posts. You held up their successful elections as reason to listen to them. I illustrated the fatuity of that argument.
Have a nice day.
“The cost is too high”
You are so naive. You will not like a world where Iranian Twelver wackos and China control the flow of Middle East oil. Backed up with missiles and nuclear threats. You are wrong if you think this will have no effect on Americans.
“And that’s a quote/book from a highly decorated US Army general.”
It could easily be a quote from a high ranking oil company. This article really displays the profiteering of companies when a conflict breaks out.
Approximately 20 million barrels of crude oil and oil products pass through the Strait of Hormuz daily, accounting for roughly 20%–25% of global seaborne-traded petroleum liquids. As a crucial chokepoint, it serves as the primary route for oil exports from Saudi Arabia, Iran, the UAE, Kuwait, and Iraq to markets in Asia, such as China, India, and Japan. And when you consider that the majority of the product going to Asian, whose losing in the transaction?
But the most telling part is that the companies, and the distributors in between, are making a 24% profit increase at a time when 25% of the oil is being slowed or stopped. Doesn’t appear they are going to lose anything in the problem.
wy69
Sure their profits are surging.
They’re screwing us over at the pump.
Big oil sucks the life blood from the American citizen... And Trump is just fine by that.. He is more concerned about the Stock Market than Americans struggling to get by.
Shell has revealed a surge in quarterly profits on the back of the Middle East conflict but also given an update on costly war damage to its output.
Do you want a windfall profits tax? Because that’s how you get a windfall profits tax.
Balderdascious drivel
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