Thursday, 29 October 2026 Updated 34 min ago
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Shell profits double to $10.8bn as Iran war pushes up profit margin on oil

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…

Image accompanying the story: Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Image: Photograph: Piroschka Van De Wouw/Reuters · via The Guardian

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.

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. The details come from The Guardian.

Key details

Location
Iran · Middle East
Reported by
The Guardian
First reported
Key names
Shell, Middle East, July-September
Section
Business
Figure cited
The results beat analyst expectations for a rise to $10.33bn. (The Guardian)

Sources

This is an independent summary. Read the full, original reporting from the publisher:

Read the full story at The Guardian

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