Shell's Q2 Profit Surges to $9.84B Amid Middle East Conflict
Shell reported second-quarter adjusted earnings of $9.84 billion, more than double the $4.26 billion from the same period a year ago. The surge was driven by higher oil and gas prices resulting from fighting in the Middle East. This marks Shell's highest quarterly profit since Q2 2022, when it earned $11.47 billion following Russia's invasion of Ukraine. The data was reported by CNBC.
Key facts
- Shell reported Q2 adjusted earnings of $9.84 billion.
- Earnings more than doubled from $4.26 billion a year ago.
- Profit surge driven by Middle East conflict pushing oil and gas prices higher.
- Highest quarterly profit since Q2 2022 ($11.47 billion).
- Q2 2022 spike followed Russia's full-scale invasion of Ukraine.
- Data reported by CNBC.
Entities
Institutions
- Shell
- CNBC
Locations
- Middle East
- Russia
- Ukraine
Sources
- Quartz —