The War Is Multiplying the Profits of Oil Companies. Americans Are Left Behind.
5 Articles
5 Articles
The biggest difference concerns oil trading. BP, Shell, and Total Energies have built large trading divisions over the years, allowing them to buy and sell oil and fuels in times of war where supplies are scarce. BP reported a $3.2 billion profit for the first quarter, more than double the year before. Total Energies recorded $5.4 billion. American companies have higher production but weaker trading capabilities. The Economist also reports accou…
European oil companies receive up to $4.75 billion in additional profits due to sharp jumps in oil prices during the war in Iran
Trading divisions of BP, Shell and TotalEnergies could have generated up to $4.75 billion in extra profits in the first quarter, as the Iran conflict and global energy market turmoil caused extreme price movements in the oil market.
Due to the war in the Middle East, the profits of oil traders have risen sharply
Statista: “Europeans Strong in Trading and LNG Have an Advantage in Responding to Volatility Over Shale-Centric US Companies” [Digital Daily Reporter Kim Nam-gyu] Although international oil price volatility has increased due to the Strait of Hormuz crisis, the earnings of major oil companies did not improve across the board and showed mixed results by region. According to Statista data released on the 11th, for the first quarter of 2026, the a…
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