Shell profit jumps
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The huge jump in earnings has some calling the company a war profiteer
Shell has become the latest oil giant to face criticism over mammoth profits after it revealed a bumper earnings haul thanks to rocketing oil prices caused by the Iran war.The FTSE 100 firm reported underlying earnings of 6.
Record quarterly profit: Shell's Q1 earnings surged to $6.9 billion, more than double the previous quarter, boosted by higher oil prices and refining margins. Drivers feel the pinch: Average U.S. gasoline prices climbed to $4.558 per gallon, with diesel ...
Shell's integrated gas and upstream segments showed resilience with increased earnings, benefiting from higher commodity prices, while navigating market volatility.
Shell beat analyst expectations in the first quarter of 2026 with earnings comfortably above consensus estimates, as stronger upstream price realisations and resilient gas performance offset production disruptions and high working capital requirements.
Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war, prompting it to raise the
Chicago gas prices are spiking as the war with Iran drags on, with regular gas nearing $6 in some spots and premium already selling for more than $7 in some places.