Shell expects strong third-quarter results from energy trading
Summary
Shell anticipates strong results from its energy trading operations in the third quarter, driven by significant price fluctuations stemming from the ongoing conflict involving Iran, which has disrupted energy supply routes in the Middle East. This situation has contributed to increased price volatility and supply dislocations in the oil and gas markets, creating favorable trading opportunities for integrated energy companies like Shell. Additionally, refining margins have stayed elevated amid the broader turbulence in the energy market.
Tokens
$SHEL
Analysis
Shell: Shell is a London-based multinational energy company focused on the exploration, production, refining, and trading of oil, natural gas, and related products. In a trading update released on October 7, 2026, the company highlighted expectations for strong third-quarter energy trading performance driven by ongoing Middle East market volatility. Shell has also advanced LNG projects, including a final investment decision to expand capacity at LNG Canada in late September 2026. Refining: Refining margins remained elevated amid the broader energy market turbulence. Geopolitics: The ongoing conflict involving Iran has created substantial disruptions to energy supply routes in the Middle East. Market Conditions: Price volatility and supply dislocations in oil and gas markets have boosted trading opportunities for integrated energy companies.
Categories
macro
Related sources
- https://www.reuters.com/business/energy/jp-morgan-says-it-has-no-clear-oil-market-endgame-iran-conflict-drags-2026-09-17/
- https://www.shell.com/investors/news-and-filings.html
- https://www.shell.com/news-and-insights/newsroom/news-and-media-releases.html
- https://www.reuters.com/commentary/reuters-open-interest/energy-watch-flying-blind-2026-09-10/
- https://www.shell.us/about-us/news-and-insights/media/2026-media-releases.html
- https://www.worldports.org/war-puts-exxon-totalenergies-and-shells-output-at-risk/
- https://live.euronext.com/en/financial-news/brent-settles-over-100-barrel-middle-east-conflict-intensifies
- https://www.reuters.com/business/energy/oil-extends-gains-after-us-iran-strike-ships-2026-09-07/
- https://archive.is/2026.07.30-160122/https://www.ft.com/content/dacf0dba-702a-400f-b534-f73011052b1d?syn-25a6b1a6=1
- https://www.shell.com/news-and-insights/newsroom.html
- https://pro.edgex.exchange/en-US/news/article/shell-quarterly-profit-iran-war-oil-prices
- https://europeanbusinessmagazine.com/shell-profits-iran-trading/
- https://www.mononews.gr/business/shell-ischyra-kerdi-apo-to-trading-energeias-logo-iran-ypsila-perithoria-diylisis
- https://www.ad-hoc-news.de/boerse/news/unternehmensnachrichten/shell-holds-firm-as-crude-slips-with-lng-canada-doubling-and-q3-results-on-the-horizon/70250776
- https://www.cnbc.com/2026/09/10/iran-us-oil-hormuz-supply-trump-military-brent-wti.html
- https://www.moneycontrol.com/news/business/shell-sees-strong-oil-and-gas-trading-as-war-drives-price-swings-14046519.html
- https://www.bbc.co.uk/news/articles/cpq8n45r5e8o
- https://www.hellenicshippingnews.com/shell-ceo-says-energy-shortages-may-last-into-next-year/
- https://www.morningstar.com/news/dow-jones/202607071441/shells-traders-get-boost-from-conflict-but-gas-output-falls-on-lost-qatari-volumes-2nd-update
- https://www.worldports.org/shell-lng-industry-adapting-to-system-wide-shock-created-by-iran-war/