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Shell profits double to $10.8bn as Iran war pushes up profit margin on oil

Image: The Guardian

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Wires & papers of record

  • The Guardian · October 29, 2026 08:00
    Energy firm to return $5bn to shareholders as climate campaigners criticise high profits Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market. Shell reported on Thursday morning that it made an…