Latest / Energy Economics with Fexingo: Oil Prices, Renewables, and the Cost of Power
How Shell Oil Profits Fund Giant Share Buybacks
In a mid-July 2026 energy market defined by rising crude prices and falling clean-energy stocks, Shell's latest buyback announcement raises a fundamental question: are oil supermajors returning too much cash to shareholders and underinvesting in the energy transition? Lucas breaks down Shell's $3.5 billion buyback program announced this week, the implications for its long-term strategy, and why investors are cheering even as renewable stocks slide. Luna pushes back on whether the buyback boom signals a failure of the transition narrative or just rational capital allocation in a…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.