Topic
profits
Commodities BP posts $5.73bn quarterly profit as Iran war lifts Brent crude to $103.85
BP reported a $5.73bn quarterly profit, more than double a year earlier and its highest since the Russia-Ukraine war began, after the Iran war disrupted oil and gas flows through the Strait of Hormuz. Brent crude averaged $103.85 a barrel in the quarter, up from $67.88. CEO Meg O'Neill plans to sell Archaea and BP's North Sea business.
Commodities Shell Profits Double as Oil Prices Rise Due to Iran War
Shell reported a doubling of second-quarter profits to $9.84bn, driven by soaring oil prices following the outbreak of the US-Israel war with Iran. The conflict caused major disruption to global oil and LNG supplies through the Strait of Hormuz. Shell's first-half earnings surged 70% to $16.76bn.
Logistics Ryanair Profits Plunge 34% on Iran War Fears, Fuel Costs Spike – Air Freight Implications
Ryanair's pre-tax profits dropped 34% to €593m as the Iran war drove jet fuel costs higher and reduced passenger demand. The airline cut fares and expects lower summer fares. Crude oil surpassed $90/barrel, and traffic through the Strait of Hormuz halted. This signals potential air cargo capacity constraints and fuel surcharges for freight forwarders.
E-Commerce & Marketplaces From AI to Bharat and Profits: Day 1 of EDNS 2026 Signals a New Era for Indian E-Commerce
Day 1 of the ET E-commerce & Digital Natives Summit (EDNS) 2026 brought together industry leaders to discuss trust, operational excellence, AI-led commerce, and the rise of Bharat. Key takeaways include the importance of compounded trust, scaling beyond Rs 500 crore, and the shift towards non-metro markets for growth.
Commodities Falling Crude Prices to Boost OMC Profits: JP Morgan Report Highlights Margins and Risks
A JP Morgan report indicates that falling crude oil prices will boost profitability for state-run oil marketing companies (OMCs) by improving fuel marketing margins, though rising debt levels and potential excise duty restoration pose risks. BPCL and IOC are identified as key beneficiaries.