Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Direct Source Verification:
This story is aggregated from The Guardian (theguardian.com). Full reporting rights and copyright belong to the primary publisher.
Energy firm to return $5bn to shareholders as climate campaigners criticise high profitsShell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market.Shell reported on Thursday morning...
Energy firm to return $5bn to shareholders as climate campaigners criticise high profits
Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market.
Shell reported on Thursday morning that it made an adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third quarter of 2025. The results beat analyst expectations for a rise to $10.33bn.
Continue reading...Original Source
https://www.theguardian.com/business/2026/oct/29/shell-profits-double-iran-war-pushes-up-profit-margin-on-oil
