A Texas state court has heard testimony from a former head of Shell’s U.S. crude trading division, revealing that the company’s annual revenue typically ranges between $950 million and $1 billion.

This represents between 13% and 15% of Shell’s total pre-tax profits in the United States.

In 2022, Shell made a pre-tax profit of over $7 billion. The largest oil and gas trading desk in the world is run by a British firm, but it does not report its financial performance to investors.

Traders benefit from global variations in supply and demand to lock in profits.

Shell rejected former trade manager Eva-Maria Frohn’s breach of contract claim, but a jury found in favor of the company.