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

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Shell reported adjusted profits of $10.8 billion for the July–September quarter, nearly double its result from the same quarter in 2025 and above analyst expectations. The company attributed stronger earnings to higher oil and gas prices and supply shortages linked to the Iran conflict, and plans to return $5 billion to shareholders.

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 adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third quarter of 2025. The results beat analyst expectations for a rise to $10.33bn. Continue reading...