Shell under fire over ‘outrageous’ profits after boost from soaring oil prices - Yahoo Finance UK

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Shell oil profits hit £5billion as critics claims 'energy firms cashing in on Iran war while families struggle'.

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Shell has posted first-quarter underlying earnings of $6.92billion (£5.09billion), beating analyst forecasts as soaring crude prices linked to the Iran conflict boosted the energy giant's trading operations.The Ftse 100 company reported profits nearly $1billion above market expectations of $6.36billion, marking a 24 per cent increase compared with the same period last year.Higher crude prices triggered by the conflict in the Middle East proved the main driver behind the stronger-than-expected performance.Shell's chemicals and products division recorded underlying earnings of $1.93billion, rising sharply from $449million during the same quarter last year.

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TRENDING Stories Videos Your Say The company said higher crude costs significantly strengthened its oil trading business while volatile market conditions created profitable opportunities across its wider trading operations.Brent crude reached $126 per barrel last week, marking its highest level in four years as fears over supply...

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Shell Reports Nearly $7 Billion Profit Amid ‘U

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Shell under fire over ‘outrageous' profits after boost from soaring oil prices Yahoo Finance UKClimate campaigners attack Shell over ‘windfall' profits from Iran war The GuardianShell Q1 2026 earnings beat as Iran war boosts profit qz.comShell profits rise as Iran war pushes oil prices higher BBCShell's profit beats expectations at $6.9 billion, raises dividend by 5%

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