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Matthew Peter Charles Lofting

Research Analyst at JPMorgan Chase & Co.

Matthew Peter Charles Lofting is Vice President in the Research Division at JPMorgan Chase & Co., specializing in equity research for energy and renewables, with a focus on companies such as Galp Energia SGPS SA, Neste Oyj, and OMV. He is recognized for providing insightful analyses that inform investment decisions, with his research featured prominently on earnings calls and industry panels. Lofting began his career as a Senior Research Analyst at Bernstein & Co., LLC before joining JPMorgan, where he has established a notable track record in sector coverage since at least 2021. He holds professional credentials including applicable securities licenses, and is actively engaged in risk management and optimization strategies in the energy sector.

Matthew Peter Charles Lofting's questions to Shell (SHEL) leadership

Question · Q3 2025

Matthew Peter Charles Lofting asked about the sustainability of Shell's upstream performance in Brazil and the Gulf of Mexico, and the drivers behind the Q3 improvement in integrated gas trading.

Answer

Shell CEO Wael Sawan stated that upstream improvements are sustainable due to rigorous execution and successful project ramp-ups like Whale. CFO Sinead Gorman explained that integrated gas trading benefited from strong operational performance providing length and market arbitrage opportunities, noting Q4 opportunities are less significant.

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