Shell Reports Record Second-Quarter Profit Amid Rising Oil Prices
British energy company Royal Dutch Shell reported second-quarter adjusted earnings of $9.84 billion, significantly exceeding analyst expectations of around $8.79 to $8.92 billion. The surge in profits was driven by higher oil and gas prices linked to the ongoing conflict in the Middle East. This marks a substantial increase from its previous quarterly results: Shell earned $6.92 billion in Q1 2026 and $4.26 billion during the same period last year. The strong performance highlights continued profitability for energy firms amid global supply concerns, which have supported higher commodity prices. The report is expected to reinforce investor confidence in oil majors as geopolitical tensions persist.
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Topics: earnings report energy sector oil and gas