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

Energy firm to return $5bn to shareholders as climate campaigners criticise high profitsBusiness live – latest updatesShell 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…

Source: The Guardian World — Original report ↗

WorldLine News is displaying a source-attributed brief. Details may evolve. The linked publication is responsible for its original reporting.