Fury as Shell profits double after cashing in on Middle East turmoil causing misery for motorists and bill payers

The energy giant said the US-Iran war, which has caused oil prices to spike, helped drive its second best quarterly profits ever. Howard Cox, founder of FairFuelUK, said: 'This is pure corporate greed.'

Shell posted adjusted earnings of $9.84 billion in the second quarter, its best result since mid-2022, as the Iran war drove up prices

Shell’s Profits Surge on Windfall From Continuing Middle East Conflict  WSJ

Shell has said it will continue its bumper share buyback programme after revealing the Iran war’s effect on oil prices and trading volumes helped it book near-record profit. The Anglo-Dutch giant’s net profit spiked to $9.8bn between April and July, more than double the same period last year and beating analyst estimat

Shell has revealed a 70% lift in half-year profits to $16.75bn (£12.6bn), prompting a long-standing critic to claim they were "running out of words to describe the obscenity" of the numbers.

Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.

Environmental groups renew calls for windfall tax to support households following Q2 earnings rise to $9.84bn Shell more than doubled its profit in its second quarter of the year, as Europe’s biggest oil and gas company reaped the benefits from the jump in oil and gas prices triggered by war in the Middle East. The FT

Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.

Shell's profit more than doubles to $9.8 billion as Iran war boosts oil, gas prices  Reuters

The bumper result comes as energy majors receive a profit boost from soaring fossil fuel prices amid the Iran war.