adOct 29, 2026, 07:11

Shell doubles quarterly profit to 9.7 billion euros on high oil prices

Shell has doubled its quarterly profit to 9.7 billion euros due to soaring oil and gas prices caused by the ongoing war in the Middle East. The energy giant's financial performance shows a major increase from the 5.4 billion dollars reported during the same period last year.

Oil and gas giant Shell has reported that its quarterly profit has doubled to 9.7 billion euros. This significant financial growth was primarily driven by the elevated global prices of oil and gas, which have been heavily impacted by the ongoing conflict in the Middle East.

The company reached a total profit of 10.8 billion dollars for the quarter, a substantial increase compared to the 5.4 billion dollars reported during the same period last year. This performance continues a trend of strong growth for the corporation, following a previous quarter in which the company also achieved profits exceeding 9.8 billion dollars. The results reflect the current volatility in energy markets and the broader economic consequences stemming from geopolitical tensions, which have consistently bolstered Shell's revenue streams throughout the current fiscal year.

Economy Business Netherlands

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Based on reporting by ad. Translated and condensed by LocalHeadlines.

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