Stock Spotlight: Shell reaps the rewards of decade-high oil prices

Energy transition risks

Valeria Martinez
clock • 6 min read

Soaring gas and oil prices driven by supply chain issues and the invasion of Ukraine have propelled the outperformance of Shell shares this year, but questions about the long-term prospects of the oil giant remain.

Europe's biggest oil company reported record profits in the first quarter of 2022, totalling $9.1bn - far higher than the $3.2bn reported in the same period of last year. Shell is forecast to make around $35bn of profits this year, up by $15bn from the previous year. In the stock markets, the landscape for Shell today looks very different than it did in 2020, when oil demand collapsed and drove shares to a 25-year low. In April of that year, the price of US oil dropped below $0 per barrel, meaning that oil producers were paying buyers to take it off their hands.  RLAM slams Shell clim...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Companies

Maven Renovar VCT tug of war continues as board warns off requisition

Maven Renovar VCT tug of war continues as board warns off requisition

'Poor performance' stated as reason

Patrick Brusnahan
clock 10 July 2025 • 2 min read
Jupiter Fund Management agrees to take over CCLA

Jupiter Fund Management agrees to take over CCLA

Takeover expected before end of 2025

Sorin Dojan
clock 10 July 2025 • 2 min read
Monzo fined £21m by FCA for failings in financial crime controls

Monzo fined £21m by FCA for failings in financial crime controls

Around 34,000 high-risk clients onboarded

Linus Uhlig
clock 08 July 2025 • 2 min read
Trustpilot