Oil Market Has 'A Bit of Oversupply,' Shell CEO Says
Original Report
Shell Chief Executive Officer Wael Sawan discusses the company's performance as its fourth-quarter profit slumped, undershooting expectations. "There is indeed a bit of oversupply at the moment," he...
Shell Chief Executive Officer Wael Sawan discusses the company's performance as its fourth-quarter profit slumped, undershooting expectations. "There is indeed a bit of oversupply at the moment," he tells Bloomberg Television. Sawan also comments on Shell's buybacks as the oil company maintained its quarterly share buyback of $3.5 billion. "We are preferentially allocating capital to buybacks because we still see a very attractive buyback in Shell," he adds. (Source: Bloomberg)
Glass House Analysis
Corporate decisions reverberate through local communities—a merger might mean headquarters relocating, a restructuring could eliminate jobs, and strategic shifts affect suppliers and service providers in countless towns. Behind quarterly earnings numbers are real employment decisions, investment choices, and community impacts that shape the economic landscape of regions across the country.
Energy prices affect virtually every aspect of daily life—from commuting costs to heating bills to the price of groceries (which must be transported). For working families, energy represents one of the most volatile and impactful line items in their budgets. Energy policy decisions ripple through the economy, affecting everything from manufacturing competitiveness to household financial stress.
The implications extend beyond the immediate news cycle. Every economic development creates ripples that affect employment, prices, and opportunities in ways that may not be immediately visible but are deeply felt. By tracking these connections, we can better understand how the economy truly works—not as an abstract machine, but as a human system shaped by and shaping the lives of millions.
Enjoyed this analysis?
Get the Glass House Briefing every morning—market news that actually makes sense, delivered free to your inbox.
No spam. Unsubscribe anytime.
More Stories
Sweden’s Volvo Cars is down 22%. Here’s why the automaker is on track for its worst day ever
The Sweden-based automaker posted a substantial drop in fourth-quarter profit, citing tariffs, currency effects and weak demand.
Mizuho Beats MUFG to Become Megabank With Best Price-Book Ratio
Mizuho Financial Group Inc. has gone from the bottom to the top of the list of Japan’s three biggest banks in price-to-book ratio, as it turns around its balance sheet and boosts investor returns.
My brother, a corporate lawyer, refuses to sell our family’s $175K lake house. Do I push the issue and risk ruining our relationship?
“I would like to receive my share of the proceeds.”
Silver resumes its slide, plunging 11%, after short-lived rebound
Silver prices slid as much as 16% on Thursday, snapping a two-day rebound as investors continued to unwind positions.