White House: Trump to Depart for China on May 12
¬ UK Media: Shell, BP, and TotalEnergies Earn $4.75 Billion Amid Middle East Tensions
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The White House announced that U.S. President Donald Trump will depart for Beijing on Tuesday.
According to the schedule released by the White House, the U.S. President will leave his residence at 1:40 PM local time on the 12th (1:40 AM Beijing Time on the 13th), heading to Andrews Air Force Base. After refueling in Alaska, he will fly to China. Trump is expected to arrive in Beijing on Wednesday.
The itinerary indicates that Trump will hold meetings with Chinese leaders on Thursday and Friday.
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Quoting five analysts, the UK's Financial Times reported that the trading divisions of three major energy companies—Shell, BP, and TotalEnergies—earned as much as $4.75 billion due to soaring energy prices triggered by tensions in the Middle East.
The article states: "The global energy market turmoil caused by the Iran conflict led to dramatic oil price fluctuations, creating significant opportunities for the trading arms of Europe’s three largest oil companies, enabling them to profit by up to $4.75 billion."
Analysts compared these profits to expectations for Q4 2025. Most believe BP’s trading division benefited the most, earning $1.75 billion. Meanwhile, Shell gained an additional $1.6 billion, and TotalEnergies earned approximately $800 million.
Based on company reports, overall, BP’s annual net profit increased 5.6 times year-on-year, reaching $3.8 billion. Shell’s net profit rose 19% to $5.7 billion, while TotalEnergies saw a 1.5-fold increase, reaching $5.8 billion.
Source: sputniknews
Original: toutiao.com/article/1864948752285760/
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