EU Energy Sector Specialist Commentary: BP, AKSO, GALP, SHEL, GLOBAL LNG

Research evidence excerpt

EU Energy Sector Specialist Commentary: BP, AKSO, GALP, SHEL, GLOBAL LNG

Ian Mitchell - Specialist Sales - European Energy AC (44-20) 7134-1356 Europe Specialist Sales J P M O R G A N

ian.e.mitchell@jpmorgan.com JPM | EU Oil & Gas Early Riser: BP,

J.P. Morgan Securities plc AKSO, GALP, SHEL, GLOBAL LNG

14 July 2026

2026). Following the strikes, the US first revoked the oil sanctions waiver and then resumed military action, which has since

developed into a two-way military escalation and raised questions about the durability of the MOU.

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