Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Reports from Guardian Business indicate that shell’’s results beat analyst expectations for a rise to $10.33bn. Key Takeaways
Reports from Guardian Business indicate that shell’’s results beat analyst expectations for a rise to $10.33bn. Shell’’s results beat analyst expectations for a rise to $10.33bn. Photograph: Piroschka Van De Wouw/ReutersView image in fullscreenShell’’s results beat analyst expectations for a rise to $10.33bn. Photograph: Piroschka Van De Wouw/ReutersShellShell profits double to $10.8bn as Iran war pushes up profit margin on oilEnergy firm to return $5bn to shareholders as climate campaigners criticise high profits Jillian Ambrose Energy correspondentThu 29 Oct 2026 09.00 CETLast modified on Thu 29 Oct 2026 09.17 CETSharePrefer the Guardian on GoogleShell 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.
Key players involved
PAI Partners, GI Partners Financial Performance Photograph: Piroschka Van De Wouw/ReutersView image in fullscreenShell’’s results beat analyst expectations for a rise to $10.33bn. Photograph: Piroschka Van De Wouw/ReutersShellShell profits double to $10.8bn as Iran war pushes up profit margin on oilEnergy firm to return $5bn to shareholders as climate campaigners criticise high profits Jillian Ambrose Energy correspondentThu 29 Oct 2026 09.00 CETLast modified on Thu 29 Oct 2026 09.17 CETSharePrefer the Guardian on GoogleShell 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. Earnings Breakdown Revenue growth trends and drivers Margin performance and operational efficiency Segment performance breakdown Forward guidance and outlook
Expert Commentary
We are paying with our lives and paychecks while they cash in on our misery,” said Philip Evans, a senior campaigner at Greenpeace.
Looking Ahead
For complete details on this development, refer to the original report from Guardian Business.