A shell reported its best quarterly profit in four years this morning driven in large part by surging oil prices due to the Iran war. Joining us to give his thoughts today on the quarter is Shell CEO while Sanyle, welcome back. Always good to have you.Appreciate it. >> Thank you. Good to be back.>> We we spoke we speak all the time and u we certainly spoke at the beginning of hostilities and the worry was how would large integrates manage this disruption. You've done it. Is there an easy explanation as to h ...

It has been remarkable to see how resilient the energy system has been. If you'd asked me uh four or five months ago, would I have expected this. I would honestly not have said yes.Um [snorts] so it has been very very resilient. But think of it as a a shock absorber uh that is weakening. That's what we're seeing at the moment.Uh the elements of the energy system that have acted as that shock absorber, that's commercial inventories are slowly depleting. strategic reserves are being used. Uh the logistical fl ...

Financial Performance & Corporate Earnings - Microsoft corporation reported record quarterly revenue exceeding $90 billion, driven by Azure cloud revenue surpassing $100 billion for the first time [1] - Microsoft corporation announced increased capital spending for artificial intelligence services, signaling sustained growth [2] - Meta platforms reported declining free cash flow and issued disappointing revenue guidance, causing shares to fall sharply [2] - Starbucks corporation reported a 7.9% increase in third-quarter same-store sales and raised its full-year earnings guidance [3] - Shell posted adjusted earnings of $9.8 billion for the second quarter, representing its highest result since 2022 [4] - Samsung electronics shares fell 5.2% despite posting better-than-expected quarterly profits due to investors unwinding leveraged AI trades [5] - Hims and hers health shares dropped 10% following a Federal Trade Commission lawsuit over improper data and billing practices [8] Market Trends & Industry Dynamics - Apple shares reached an all-time high ahead of the CEO's final earnings call and third-quarter results following Mac and iPad price increases [3] - Asian chip makers extended losses over artificial intelligence valuation concerns while oil prices slipped following Middle East volatility [6] - Yum brands launched new $1 menu items to attract customers amid health concerns impacting nationwide restaurant traffic [7][8]

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