'War windfall': North Sea oil and gas giants enjoy £73bn share value surge

James Murray
clock • 4 min read
'War windfall': North Sea oil and gas giants enjoy £73bn share value surge

Greenpeace analysis reveals how oil and gas companies are set to profit from spike in fossil fuel prices, as campaign urges government to maintain windfall tax

The five largest North Sea oil and gas companies have seen their valuations rise by £73bn since the start of the Iran War, as their share prices have climbed sharply alongside the spike in fossil fuel...

To continue reading this article...

Join BusinessGreen

In just a few clicks you can start your free BusinessGreen Lite membership for 12 months, providing you access to:

  • Three complimentary articles per month covering the latest real-time news, analysis, and opinion from Europe’s leading source of information on the Green economy and business
  • Receive important and breaking news stories via our daily news alert
  • Our weekly newsletter with the best of the week’s green business news and analysis

Join now

 

Already a BusinessGreen member?

Login

More on Energy

IEA: Global gas demand set to fall 0.5 per cent in 2026

IEA: Global gas demand set to fall 0.5 per cent in 2026

Impacts of Iran War continue to weigh heavily on global fossil gas and LNG market, amid continued uncertainty surrounding supply through the Strait of Hormuz

Michael Holder
clock 07 July 2026 • 3 min read
Government confirms details for latest clean power auction round

Government confirms details for latest clean power auction round

Government maintains maximum prices from last year’s record-breaking renewables auction for latest Contract for Difference Allocation Round

James Murray
clock 07 July 2026 • 6 min read
Government takes aim at 'unique' onshore wind regulations in latest planning shake-up

Government takes aim at 'unique' onshore wind regulations in latest planning shake-up

Government confirms further planning reforms designed to deliver new clean energy projects at the 'fastest pace in a generation'

Stuart Stone
clock 06 July 2026 • 5 min read