AI summary
Shell’s profits doubled due to war-driven oil price spikes, triggering a $5 billion shareholder payout and drawing criticism from climate activists.
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Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
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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 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...
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