Urgent.News

What's breaking now, across thousands of outlets.

Finance & Markets

Shell profits double to $10.8bn as Iran war pushes up profit margin on oil

Energy firm to return $5bn to shareholders as climate campaigners criticise high profits Shell has doubled its profits in the last quarter after the Middle East conflict drove up the price of oil and gas and created shortages in the global market. Shell reported on Thursday morning that it made an adjusted profit of $10.8bn (£8.1bn) in the July-September quarter, up from $5.432bn in the third…

Shell profits double to $10.8bn as Iran war pushes up profit margin on oil

We haven't written up this one. Guardian Business has the full story — the link below goes straight to it.

Read the original at theguardian.com →

More in Finance & Markets

More from Thursday 29 October →