Oil Companies Never Cared About the War in Ukraine ...Middle East

In the days after Russia invaded Ukraine, multinational oil companies were heralded as brave soldiers in the fight for liberal democracy. Their decision to sell more liquified natural gas to Europe was praised as a twenty-first century equivalent of the Berlin airdrop in the lead-up to the invasion. To comply with Western sanctions after it happened, Shell—in line with other big U.S. and European drillers—announced it would “withdraw from its involvement in all Russian hydrocarbons.” That move, the company reported, would cost $5 billion.Nearly a year later, Shell has reported record profits and still appears to be handling Russian hydrocarbons. While the company noted last March that it wou

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