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

https://mins.news/en/item/120373

- The Guardian, 2026-10-29 08:00 UTC
- Economy
- Original: https://www.theguardian.com/business/2026/oct/29/shell-profits-double-iran-war-pushes-up-profit-margin-on-oil

> 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.

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