JOURNAL ARTICLE

Shell Says Profits Rise as Iran War Boosts Trading and Oil Price.

  • Published In: Bloomberg.com, 2026. P. N.PAG 1 of 3

  • Database: Business Source Ultimate 2 of 3

  • Authored By: Ferman, Mitchell 3 of 3

Abstract

The article focuses on Shell Plc's significant profit increase in the first quarter, driven by higher oil and gas prices and market volatility resulting from the Iran war. Shell reported an adjusted net income of $6.92 billion, surpassing analyst estimates, with refining margins rising due to soaring fuel prices. The conflict disrupted Middle Eastern oil and gas shipments, benefiting European companies like Shell with large trading operations. The article also notes that other major oil companies, including BP Plc, TotalEnergies SE, Exxon Mobil Corp, and Chevron Corp, experienced varied impacts from the conflict and market conditions. [Extracted from the article]

Additional Information

  • Source:Bloomberg.com. 2026/05, pN.PAG
  • Document Type:Article
  • Subject Area:Power and Energy
  • Publication Date:2026
  • Accession Number:193588430
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