Shell profit more than doubles to $9.8-billion as Iran war lifts prices
- Posted on July 30, 2026
- By The Globe and Mail
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- 1 min read
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.
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