October 29, 2026
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Shell profits double to $10.8bn as Iran war pushes up profit margin on oil

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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.

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The post Shell profits double to $10.8bn as Iran war pushes up profit margin on oil appeared first on World news | The Guardian.

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