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Economy · Impact 2 Notable

Shell profits double to $10.8bn as Iran war lifts oil margins

· ≈ London, United Kingdom · single source so far

Shell reported an adjusted profit of $10.8bn for July-September, up from $5.432bn a year earlier, after the Middle East conflict drove up oil and gas prices and caused shortages. It will return $5bn to shareholders.

Location
≈ London, United Kingdom · United Kingdom live map
Coordinates
≈ 51.51°N 0.13°W
Reported
29 Oct 2026, 08:00 UTC
Category
Economy
Impact
2 of 5 · Notable
Situation
Global markets
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Shell profits double to $10.8bn as Middle East conflict lifts oil margins

Shell reported an adjusted profit of $10.8bn for July-September on Thursday, up from $5.432bn a year earlier, after the Middle East conflict pushed up oil and gas prices and caused shortages. It will return $5bn to shareholders. On Wednesday the Bank of Canada raised its key rate by a quarter point as soaring energy prices pushed up inflation, its first rise in three years. Stock markets also rose on Wednesday in Asia and on Wall Street as investors kept betting on AI.

  • Shell's adjusted profit was $10.8bn for July-September, against $5.432bn a year earlier.
  • Shell will return $5bn to shareholders.
  • The Bank of Canada raised its key rate by a quarter point, citing energy-driven inflation.
  • Asian stocks rose, following gains on Wall Street.
Updated 29 Oct 2026, 08:29 UTC · Written by Claude from the reports on this page and on the map. Check the linked sources for full details.

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