London, May 7, 2026 (AFP) - Shell quarterly net profit jumps 19% as war fuels oil prices

NAMPA / AFP

2026-05-07

British energy giant Shell announced Thursday a 19-percent increase in net profits for the first quarter as the Middle East war sent oil and gas prices soaring in volatile trading. Profit after tax increased to $5.69 billion in the January-March period from $4.78 billion in the first quarter of 2025, Shell said in an earnings statement. "Shell delivered strong results enabled by our relentless focus on operational performance in a quarter marked......

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