Royal Dutch Shell reports a strong rise in profits and earnings in the most recent half-year period, with results attributed in part to higher oil prices and volatility linked to the Iran war. The company’s second-quarter performance shows particularly sharp growth compared with the same quarter a year earlier. Multiple outlets report that second-quarter profit more than doubles, reaching about $9.8 billion (or around £7.37 billion, depending on the currency and framing used). Other reporting focuses on earnings rather than profit, stating that underlying earnings for the half-year reach about $16.75 billion (£12.55 billion). That half-year figure follows a reported second-quarter haul of about $9.84 billion. At least one source also characterizes the second-quarter result as the company’s second-highest on record. Across the coverage, the common theme is that swings in oil prices during the period—connected to heightened geopolitical risk—support improved financial results for Shell. All figures are presented as interim results for the half-year and especially the second quarter, with year-on-year comparisons highlighting the increase.
Shell profits more than double as Iran war boosts oil price volatility
Royal Dutch Shell reports a strong rise in profits and earnings in the most recent half-year period, with results attributed in part to higher oil prices and volatility linked to the Iran war. The com...
- Shell reports a major year-on-year rise in second-quarter profit, with one figure cited at about $9.8 billion (about £7.37 billion).
- Underlying half-year earnings are reported at about $16.75 billion (£12.55 billion).
- A reported second-quarter earnings/profit figure of about $9.84 billion underpins the half-year total.
- Several outlets attribute the improvement partly to higher oil prices and volatility linked to the Iran war.
- At least one outlet describes the second-quarter result as Shell’s second-highest on record.
Second-quarter profit was the company’s second-highest on record
2 hours agoThe FTSE 100 giant saw underlying earnings jump to 16.75 billion US dollars (£12.55 billion) after a 9.84 billion haul in the second quarter.
3 hours agoThe second quarter result was also more than double the £3.19billion the group posted for the same period last year
4 hours ago
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