EconomyShell profits double to $10.8bn as Iran war lifts oil margins

Shell said its adjusted third-quarter profit doubled year on year to $10.8bn, beating analyst expectations, as the Middle East conflict drove up oil and gas prices and tightened global supplies. It plans to return $5bn to shareholders through buybacks over the next three months. Climate campaigners criticised the profits.

Shelloil and gascorporate profitsIran war

TThe Guardian★★★☆☆2026-10-29 08:00Original