Legal Battle Unmasks Shell's Under-The-Radar Oil Trading Earnings: Report
Portfolio Pulse from Shivani Kumaresan
A lawsuit against Shell PLC (NYSE:SHEL) has revealed details about its oil and gas trading profits, showing annual earnings of $950 million to $1 billion, which is 13%-15% of its U.S. pre-tax profits. The case highlights the secretive yet lucrative nature of Shell's trading operations and the substantial bonuses paid to traders.
April 29, 2024 | 10:48 am
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Shell's lawsuit reveals its oil trading division's significant earnings, contributing 13%-15% to its U.S. pre-tax profits, and the large bonuses for traders.
The revelation of Shell's substantial trading profits and the details about trader bonuses from the lawsuit could attract investor attention but may not directly impact the stock price in the short term. The information provides more transparency into Shell's operations, which could be seen positively or negatively by investors, depending on their perspective on the company's risk management and compensation practices.
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RELEVANCE 100