Oil And Gas

2 articles

Juxtaposition of a declining oil rig and a thriving, high-tech trading floor, symbolizing the hidden profits of oil company trading arms.

Finance & Markets

Big oil trading arms see extraordinary profits amid core business decline

In the first quarter alone, the trading units of TotalEnergies, Shell, and BP collectively earned an estimated $3.

Ethan Caldwell·June 29, 2026

Alaska State Capitol building with oil derricks in the background under a dramatic, stormy sky, representing new oil profit taxes.

Corporate Strategy

Alaska Senate Approves 9.4% Tax on Oil Profits

Alaska's Senate has approved a measure imposing a corporate tax rate of up to 9.

Siobhan O'Malley·May 21, 2026