“Shell Q3 Profits Double to $10.8 Billion as Middle East Conflict Drives Oil Prices Higher ” — what this page in the network covers. Shell reported a sharp rise in quarterly earnings, with adjusted profits reaching $10.8 billion in the third quarter, up from $5.4 billion a year earlier. The jump was fueled by higher oil and gas prices triggered by the escalating conflict in the Middle East, which disrupted global energy markets a The jump was fueled by higher oil and gas prices triggered by the escalating conflict in the Middle East, which disrupted global energy markets and tightened supply.
The result surpassed analyst forecasts of $10.33 billion, underscoring the scale of the price surge. The energy giant also announced plans to return $5 billion to shareholders, continuing its focus on buybacks and dividends. However, the bumper profits drew criticism from climate campaigners, who argue that oil majors are profiting from geopolitical instability while the world struggles to transition to cleaner energy. The full version stays on the original page, which this listing opens directly.