Shell reports that its third-quarter profit more than doubles, driven by higher oil and gas prices amid Middle East conflict. NL Times says Shell’s profit reaches 9.7 billion euros (US$10.8 billion), up from 4.85 billion euros a year earlier.
Other outlets likewise link the increase to disruption of energy supplies and global market shortages. Free Malaysia Today reports net profit more than doubles to US$12.1 billion in the third quarter, attributing the rise to the war’s impact on prices. The Guardian adds that the profit gain comes with an improved profit margin and says Shell plans to return $5 billion to shareholders, while noting that climate campaigners criticize the level of profits.
