Energy Giant Shell Poised for Record Profits Amid Market Volatility. As the global energy landscape continues to shift following the Iran crisis, oil giant Shell is expected to report significantly higher profits from its commodity trading desks in the first quarter of this year. Market analysts predict that the surge in energy commodity markets over recent weeks will drive up trading results at Shell's chemicals and products unit, which includes its main oil trading desk. With projected earnings ranging from $200 million to a staggering $700 million, investors will be keeping a close eye on the company's quarterly report for a glimpse into the volatile energy market's impact on Shell's bottom line.
Company earnings expected to soar to between $200m and $700m in first quarterBusiness live – latest updatesShell is expected to report “significantly higher” profits from its commodity trading desks in the first quarter of this year after weeks of market volatility triggered by the Iran crisis.The surge in energy commodity markets over recent weeks is expected to drive up trading results at Shell’s chemicals and products unit, which includes its main oil trading desk. Continue reading...
