World news brief
Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
NEWS DESKWorld
PUBLISHEDOct 29, 2026, 8:00 AM
What the source reports
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…
Main source: The Guardian World
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