Big Oil's Trading Divisions See Strong Profits Amid Production Stalls
Big Oil companies like BP, Shell, TotalEnergies, and Equinor are reporting strong profits from their trading divisions despite a decline in oil production, driven by extreme market volatility from Middle East disruptions. Shell and BP have highlighted the impact of supply issues on their production levels and trading results, with Shell expecting lower output in Q1 2026 compared to Q4 2025.
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Topics: Big Oil production Brent crude prices energy market volatility Middle East conflict oil trading profits