Shell tops profit estimates as Iran war boosts oil price, cuts share buybacks
Britain's Shell posted stronger-than-expected quarterly profit as the Iran war sent fossil fuel prices soaring.
AI Summary
Shell reported first-quarter adjusted earnings of $6.92 billion, exceeding analyst expectations of $6.1 billion, driven by surging energy prices resulting from the Iran war. The profit represents a significant increase compared to $5.58 billion in the same quarter last year and $3.26 billion in the final quarter of 2025.