The Rising Influence of Rising Affluence

[DewDiligence]

SHEL—(-3%)—says war damage to Qatar’s Pearl GTL plant will take one year to repair and; for investors, this production loss outweighs the robust 1Q26 profits due to the high price of oil:

https://www.wsj.com/business/energy-oil/shells-earnings-surge-but-warns-of-lower-production-due-to-middle-east-conflict-06587524

Iran’s attacks on Qatar damaged one of two units at the company’s Pearl gas-to-liquids plant that will require a year’s worth of repairs. Shipments from a liquefied natural gas facility, of which Shell owns 30% in a joint venture with Qatar Energy, have also been shut down while the strait remains largely logjammed.

…Shell has lost roughly 10% of its total production because of damaged or shutdown assets in Qatar.

See #msg-61293785 for (15-year-old) background info on Pearl GTL.