British oil giant. Its share price rose 4% from the start of the 2026 Iran war, less than European peers TotalEnergies, BP and Eni (up 14-17%) but better than American supermajors ExxonMobil and Chevron, which fell. European oil majors have spent decades building large trading desks employing hundreds of people, profiting from price differences across regions and times.
It's not whether you win or lose, it's how you place the blame.