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Climate campaigners attack Shell over ‘windfall’ profits from Iran war
Firm benefits from conflict to rake in $6.9bn as higher energy prices turbo-charge profitsShell has reported better than expected profits of $6.9bn after its oil traders reaped the benefits of soaring energy prices during the war in Iran, angering climate campaigners.Higher oil and gas prices during the Middle East conflict helped Europe’s biggest oil and gas company post a 115% jump in first-quarter profits from the $3.2bn reported in the last three months of 2025, easily surpassing the $6.4bn forecast by City analysts. Continue reading...
Firm benefits from conflict to rake in $6.9bn as higher energy prices turbo-charge profitsShell has reported better than expected profits of $6.9bn after its oil traders reaped the benefits of soaring energy prices during the war in Iran, angering climate campaigners.Higher oil and gas prices during the Middle East conflict helped Europe’s biggest oil and gas company post a 115% jump in first-quarter profits from the $3.2bn reported in the last three months of 2025, easily surpassing the $6.4bn forecast by City analysts. Continue reading...