Shell Reports Highest Profits Since 2022 Amid Iran War Impact
Earnings·3 articles across 3 outlets·↩ Updated
Story updated Rewritten when the story materially grows; the wire is checked every 15 minutesAbout this data
Shell Plc announced a significant increase in its second-quarter profits, driven by a boom in oil refining and robust energy trading. The ongoing Iran war has disrupted global oil and liquid natural gas supplies, leading to a surge in prices.
Despite the profit surge, the company reported a 31 percent drop in total oil and gas production quarter-on-quarter due to the conflict's impact on the market.
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Sources
Every quote below is verbatim from the article it is attributed to.
SourceReports the news
“UK oil major said Iran war had caused a 31 per cent drop in total oil and gas production quarter-on-quarter”
FT — Shell reports highest profits since 2022“Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for energy trading as the Iran war upended the makret.”
Bloomberg — Shell Profit Surges as Oil Trading and Refining Margins Boom“Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.”
bbc — Shell profits double as oil prices rise due to Iran war
Earlier versions
- Jul 30, 6:05 AM — Shell Reports Profit Surge as Oil Trading and Refining Boom (1/1)