Shell profits double to $10.8bn amid Middle East conflict

Shell has reported a significant increase in its adjusted profits for the third quarter of 2026, reaching $10.8 billion, more than double the $5.432 billion recorded in the same period last year, The Guardian reported.

The surge in profits is attributed to the ongoing conflict in the Middle East, which has driven up oil and gas prices and caused shortages in the global market, according to The Guardian.

Shell plans to return $5 billion to its shareholders following these results, a move that has drawn criticism from climate campaigners concerned about the high profits during a period of environmental urgency.

Meanwhile, the conflict involving Iran continues to influence global energy markets and geopolitical dynamics, as noted by Al Jazeera, which highlighted the broader regional tensions and the stalled diplomacy between the US, Israel, and Iran.

The ongoing war and its implications on energy prices underscore the complex interplay between geopolitical conflicts and global economic impacts, with Shell's profits serving as a direct example of this relationship.