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07.05.26 - 19:06
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Outrage as oil giants profit billions from Iran war - The Latest (The Guardian)
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Shell has made $6.9bn in profits since the Iran war began, cashing in on soaring energy prices. The enormous profits have reignited calls for higher taxes on fossil fuel companies to fund support for those hardest hit by rising costs.Lucy Hough speaks to energy correspondent Jillian Ambrose. Continue reading......
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07.05.26 - 10:48
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Shell Q1 Profit Climbs, Production Down; Begins $3 Bln Buyback; Stock Down (RTTNews)
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Oil and gas major Shell Plc reported Thursday higher profit and adjusted EBITDA in its first quarter, while revenues and other income edged down amid weak production. Separately, Shell announced the commencement of a $3.0 billion share buyback programme. In London, the shares were losing around 2.8 percent. In pre-market activity on the NYSE, Shell shares were down 1.7 percent...
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07.05.26 - 10:18
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Shell Profit Rises as Oil Volatility Boosts Trading Unit (Bloomberg)
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Shell's profit surged in the first quarter as the Iran war drove oil and gas prices higher and an increase in volatility boosted the energy giant's trading business. Adjusted net income rose to $6.92 billion, the London-based company said in a statement. Bloomberg's Mitchell Ferman has more. (Source: Bloomberg)...
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07.05.26 - 08:48
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Iran deal optimism lifts markets; anger as Shell′s profits more than double – business live (The Guardian)
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Rolling coverage of the latest economic and financial newsClimate campaigners attack Shell over 'windfall' profits from Iran warElsewhere in the energy world, the owner of British Gas has agreed to buy the Severn gas power plant in South Wales for approximately £370m almost six years after its previous owner went bust.Centrica described its new acquisition as one of the most efficient gas plants in the UK, and said that it would play “a critical role” in stabilising the UK's electricity system.“The importance of reliable, flexible generation to balance the system continues to increase, keeping energy supplies secure and affordable as the energy transition progresses. Severn will play an important role in supporting that journey.With the delivery of replacement capacity being impacted by grid access, rising costs and supply chain constraints, alongside the closure of aging gas assets towards the end of the decade, the need for assets like Severn will increase.”On March 18, 2026, an attack on Ra...
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07.05.26 - 08:24
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Climate campaigners attack Shell over ′windfall′ profits from Iran war (The Guardian)
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Firm benefits from conflict to rake in $6.9bn as higher energy prices turbo-charge profitsShell has reported better than expected profits of $6.9bn after its oil traders reaped the benefits of soaring energy prices during the war in Iran, angering climate campaigners.Higher oil and gas prices during the Middle East conflict helped Europe's biggest oil and gas company post a 115% jump in first-quarter profits from the $3.2bn reported in the last three months of 2025, easily surpassing the $6.4bn forecast by City analysts. Continue reading......
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28.04.26 - 14:30
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Höherer Ölpreis: BP macht Rekordgewinn (FAZ)
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Der britische Energiekonzern profitiert vom hohen Ölpreis und dessen Volatilität infolge des Irankriegs. Goldman Sachs prognostiziert bis zu 120 Dollar für Erdöl bis zum Jahresende. Shell kauft in Kanada einen Schieferölkonzern....
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18.04.26 - 18:27
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Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers (ZeroHedge)
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Former AI SPAC Executives Indicted For Fabricating "Virtually All" Revenue And Customers
What looked like a booming AI company was, prosecutors say, an audacious house of cards built on deception.
iLearningEngines (former stock symbol AILE) executives allegedly fabricated virtually every pillar of their business—customers, revenues, and contracts—to cash in on the AI hype and dupe both everyday investors and major institutions.
The scheme involved creating entire fake client ecosystems: shell companies with polished websites, insiders or relatives posing as corporate executives, and bogus multimillion-dollar agreements designed to withstand scrutiny, according to a DOJ press release. As U.S. Attorney Joseph Nocella put it, the company's pitch of AI innovation masked something far more fraudulent: “the truly artificial part of the defendants' story was iLearning's customers and revenues.”
The scale of the alleged deception was staggering. The company reported soaring growt...
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