Shell CEO Says Oil Prices Are Headed Higher for Years

Analyst
โดย The Motley Fool·Read original
Summary · why it matters

Shell CEO Wael Sawan said at a Wall Street Journal conference that the company believes oil prices will rise over the longer term, even after the Middle East conflict ends. Sawan highlighted that oil and natural gas accounted for a combined 32% of global demand in 2025 according to the International Energy Agency, and that production from existing sources declines by 5% to 7% per year. Shell is an integrated energy giant with a globally diversified portfolio, and its peers include ExxonMobil, Chevron, and TotalEnergies. The article suggests most investors should have some energy exposure, noting Chevron offers a 3.7% dividend yield, Exxon 2.6%, Shell 3.6%, and TotalEnergies around 5%.

Impact on stocks 4

Energy Transition & Power Demand▲ · 2 stocks
Shell plc
SHEL
▲ PositiveDemandrelevance

Shell CEO predicts higher oil prices, benefiting Shell's upstream operations.

Exxon Mobil Corp
XOM
▲ PositiveDemandrelevance

CEO's bullish oil outlook implies sustained demand for Exxon's products.

Energy▲ · 2 stocks
Chevron Corp
CVX
▲ PositiveDemandrelevance

CEO's bullish oil outlook implies sustained demand for Chevron's products.

TotalEnergies SE
TTE
▲ PositiveDemandrelevance

CEO's bullish oil outlook implies sustained demand for TotalEnergies' products.

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