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Shell profit more than doubles to $9.8-billion as Iran war lifts prices

  • Posted on July 30, 2026
  • By The Globe and Mail
  • 1 Views
  • 1 min read
In brief

Shell's profitability surged dramatically in the second quarter, reaching $9.8 billion as geopolitical tensions in the Middle East drove crude oil and natural gas prices to unprecedented levels. This exceptional financial performance marks the company's second-strongest quarterly result in its operational history, reflecting the energy sector's sensitivity to regional conflicts and supply chain disruptions that continue reshaping global markets.

Summary auto-generated by AI from the original publisher's content. Editorial standards.

Shell profit more than doubles to $9.8-billion as Iran war lifts prices
Shell profit more than doubles to $9.8-billion as Iran war lifts prices

Second-quarter profit was the company’s second-highest on record
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Author
The Globe and Mail

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