Major European oil companies such as Shell, TotalEnergies, Repsol and OMV posted sharply higher profits in the quarter, helped by higher oil prices after the US and Israeli war against Iran. Brent crude spot in the North Sea reached $115 a barrel on October 29, up from $72 before the war, pushing petrol and diesel prices to record highs across Europe. Shell earned a profit of $12.1 billion in July to September, TotalEnergies rose 127% to $9.1 billion, Repsol jumped from $640.7 million to $3.1 billion, and OMV rose 68% to $2.36 billion. German Finance Minister Lars Klingbeil and counterparts in several other EU countries called for an EU-wide windfall profits tax, but the European Commission has been cautious and no EU action followed in October. Gulf oil exports are reported to have recovered to 80% of pre-war levels, yet Houthi attacks, sea mine threats in the Strait of Hormuz and warnings of a new US campaign against Iran have kept oil prices nearly double their early-February level.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Các công ty dầu khí lớn của châu Âu tuyên bố lợi nhuận kỷ lục
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oil pricesearningsEuropetaxesIran
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Related tickers and likely impact
PVD
▲ Likely positivePetroVietNam
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 17,442 bn VND |
| P/E | 15.7 |
| P/B | 1.01 |
| Close on 10/29/2026 | 18.35 |
| Change that session | -2.39% |
PVT
• NeutralPVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 11,812 bn VND |
| P/E | 8.3 |
| P/B | 1.25 |
| Close on 10/29/2026 | 21.30 |
| Change that session | -6.78% |
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