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Shell's integrated model and massive trading arm are positioned to thrive.
The effective closure of the Strait of Hormuz has removed millions of barrels from daily supply since February.
KEY POINTS
- Shell completed a $3.5B share buyback in May, with expectations of a new tranche soon.
- Shipping insurance remains prohibitively expensive, prolonging supply disruption and supporting higher oil prices.
- Shell's Q1 capital return, including dividends and buybacks, is among the strongest in the energy sector.
COMPANIES
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