Shell CEO Warns of Rising Oil Prices Amid Global Energy Demand Growth
Shell CEO Wael Sawan recently stated that his company believes oil prices will rise over the longer term, even after the Middle East conflict ends. This is because energy demand is expanding as the global economy grows and clean energy alone isn't likely to keep up with it.
Oil and natural gas accounted for a combined 32% of global demand in 2025, according to the International Energy Agency (IEA). Demand for both grew in 2025, even as other energy sources expanded. Shell pegs production declines from oil and natural gas sources at 5% to 7% per year.
Shell is an integrated energy company with exposure to the entire energy value chain, including production, transportation, and chemicals and refining. It operates a globally diversified portfolio, ranking among the world's largest energy companies alongside ExxonMobil (NYSE: XOM), Chevron (NYSE: CVX), and TotalEnergies (NYSE: TTE).
These integrated giants are solid options for investors seeking energy exposure. U.S.-based Exxon and Chevron stand out from the pack for reliability, with Exxon having increased its dividend annually for 43 years.