In this article SHEL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:01 03:01 Shell CEO on Iran: You're seeing the hard reality of taking 12% of the world's crude off the market Money Movers The oil market faces a shortage of nearly one billion barrels that will only get worse every day the conflict in the Middle East drags on, Shell CEO Wael Sawan told investors Thursday. "The h...
In this article SHEL Follow your favorite stocks CREATE FREE ACCOUNT watch now VIDEO 3:01 03:01 Shell CEO on Iran: You're seeing the hard reality of taking 12% of the world's crude off the market Money Movers The oil market faces a shortage of nearly one billion barrels that will only get worse every day the conflict in the Middle East drags on, Shell CEO Wael Sawan told investors Thursday. "The hard facts are we have dug ourselves a hole of close to a billion barrels of crude shortage at the moment, either because of locked in barrels or unproduced barrels," Sawan said during the London-heaquartered oil producer's first-quarter earnings call. "And of course, that hole is deepening every single day so the journey back will be a long one," Sawan said. To put that number in context, the entire world consumes about 100 million barrels of oil every day, according to data from OPEC. Halliburton also estimates that oil production lost due to the war is trending toward a billion barrels, CEO Jeffrey Miller said on the oilfield service company's April 21 earnings call. "Recovery of oil and gas production and inventories will not be a quick or simple process," Miller said. Small consumption decline Demand destruction due to lost oil supplies have been modest so far, Sawan said. Jet fuel consumption has been curtailed by around 5% in the airline industry, the Shell CEO said. "What you are seeing, in essence, is just the hard realities of taking 12% of the world's crude off the market and you have to be able to counter that," Sawan told CNBC's " Money Movers " on Thursday. The oil market is facing the biggest supply disruption in history, according to the International Energy Agency. Iran has effectively blockaded the Strait of Hormuz, the narrow sea lane where about 20% of global oil supplies passed before the U.S. and Israel attacked on Feb. 28. Oil prices have fallen more than 10% since Tuesday on renewed hopes that the U.S .and Iran will strike a deal to end the war and re...
The Complicated Reality Behind High Gas Prices Authored by Petr Svab via The Epoch Times, Average gas prices in the United States have gone up by almost 40 percent since March 1. The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait can...
The Complicated Reality Behind High Gas Prices Authored by Petr Svab via The Epoch Times, Average gas prices in the United States have gone up by almost 40 percent since March 1. The reason appears straightforward: Iran has blocked the Strait of Hormuz in response to the U.S. military operation that decapitated its regime and degraded its military. Hundreds of tankers trapped behind the strait cannot deliver their oil, depriving the world of 7 percent to 10 percent of its supply. Although that explains drastic price increases and even shortages in Europe and Asia, the United States gets almost no oil through the strait. In theory, the country should be energy-independent, as it is a net petroleum exporter. But in reality, the United States is highly intertwined with the global oil market, and there is little chance it could disentangle itself from it, according to experts who spoke to The Epoch Times. “Oil is a fungible commodity that can be shipped anywhere in the world, and that is why everyone is impacted by the events,” said Patrick De Haan, petroleum analyst with gas price tracker GasBuddy. Countries facing shortages are willing to pay top dollar for U.S. oil. “There’s huge demand to export the product,“ said Paul Sankey, an oil market analyst and president of Sankey Research. ”So that draws the prices up.” If the U.S. government were to impose limits on oil exports, it would likely cause more problems than it would solve, the experts said. Light Sweet Versus Heavy Sour Not all crude oil is made the same. The oil produced in the United States through fracking is called “light sweet.” It is the easiest to refine and contains few impurities such as sulphur. Much of Middle Eastern oil is categorized as “medium.” It is still fairly easy to process, but it is thicker and contains more sulphur. Canada largely produces “heavy sour” oil. It is even thicker and more sulphurous. Venezuela, despite its gigantic reserves, produces mostly very heavy, sour oil that few refin...
Earnings Call Insights: Murphy Oil Corporation (MUR) Q1 2026 Management View "Against the backdrop of significant commodity price volatility, Murphy delivered a strong quarter," said (President, CEO & Director Eric Hambly), adding, "Our oil-weighted unhedged portfolio allowed us to fully capture prices as they moved materially higher."
Earnings Call Insights: Murphy Oil Corporation (MUR) Q1 2026 Management View "Against the backdrop of significant commodity price volatility, Murphy delivered a strong quarter," said (President, CEO & Director Eric Hambly), adding, "Our oil-weighted unhedged portfolio allowed us to fully capture prices as they moved materially higher."
Earnings Call Insights: Victory Capital (VCTR) Q1 2026 Management View "Q1 2026 was an exceptional quarter, one that set new records across multiple dimensions of our business," said CEO David Brown, citing "record long-term gross flows, record adjusted EBITDA and record adjusted earnings per share" (Chairman & CEO
Earnings Call Insights: Victory Capital (VCTR) Q1 2026 Management View "Q1 2026 was an exceptional quarter, one that set new records across multiple dimensions of our business," said CEO David Brown, citing "record long-term gross flows, record adjusted EBITDA and record adjusted earnings per share" (Chairman & CEO
Earnings Call Insights: The Pennant Group (PNTG) Q1 2026 Management View "We're pleased to report another excellent quarter with strong results across our businesses, including revenue of $285.4 million... adjusted EBITDA of $21.7 million... and adjusted diluted earnings per share of $0.32" (CEO & Chairman Brent Guerisoli).
Earnings Call Insights: The Pennant Group (PNTG) Q1 2026 Management View "We're pleased to report another excellent quarter with strong results across our businesses, including revenue of $285.4 million... adjusted EBITDA of $21.7 million... and adjusted diluted earnings per share of $0.32" (CEO & Chairman Brent Guerisoli).
Earnings Call Insights: MACOM Technology Solutions Holdings, Inc. (MTSI) Q2 fiscal 2026 Management View "Revenue for the second quarter of fiscal 2026 was $289 million, and adjusted EPS was $1.09 per diluted share," said (President, CEO & Chairman Stephen Daly), adding, "Demand for our products is strong across our 3
Earnings Call Insights: MACOM Technology Solutions Holdings, Inc. (MTSI) Q2 fiscal 2026 Management View "Revenue for the second quarter of fiscal 2026 was $289 million, and adjusted EPS was $1.09 per diluted share," said (President, CEO & Chairman Stephen Daly), adding, "Demand for our products is strong across our 3
Earnings Call Insights: Charles River Laboratories (CRL) Q1 2026 Management view “I became our Chief Executive Officer this week,” said CEO Birgit Girshick, adding that the company is rolling out a “refreshed strategic framework, which we are calling pathway to purpose,” and that it plans “an
Earnings Call Insights: Charles River Laboratories (CRL) Q1 2026 Management view “I became our Chief Executive Officer this week,” said CEO Birgit Girshick, adding that the company is rolling out a “refreshed strategic framework, which we are calling pathway to purpose,” and that it plans “an
ismagilov/iStock via Getty Images By far and away, arguably the biggest theme that has shaken the stock market this year, other than the war in Iran, is the continued burst in data center spending as the AI arms race continues. Meta ( META ) yet
ismagilov/iStock via Getty Images By far and away, arguably the biggest theme that has shaken the stock market this year, other than the war in Iran, is the continued burst in data center spending as the AI arms race continues. Meta ( META ) yet
Earnings Call Insights: Sempra (SRE) Q1 2026 Management View “2026 has started on a positive note with Sempra deploying $3 billion of investment capital in the first quarter, which keeps us on track to meet our annual target.” (Chairman, President & CEO Jeffery Martin)
Earnings Call Insights: Sempra (SRE) Q1 2026 Management View “2026 has started on a positive note with Sempra deploying $3 billion of investment capital in the first quarter, which keeps us on track to meet our annual target.” (Chairman, President & CEO Jeffery Martin)