The British oil company Shell announced on Thursday a sharply increasing net profit in the first quarter, thanks to the increase in oil prices due to the war in the Middle East.
The British oil company Shell announced on Thursday a sharply increasing net profit in the first quarter, thanks to the increase in oil prices due to the war in the Middle East.
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Profit reached US$5,694 million, 19% more compared to US$4,780 million in the first quarter of 2025.
Billing remained practically stable, at US$70,133 million from January to March, compared to US$70,152 million last year.
The results were driven by “higher” prices and “higher refining margins,” the group stressed in a statement.
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The period was marked by the beginning of the war in the middle eastunleashed on February 28 by the attacks by Israel and the United States against Iran, which skyrocketed crude oil prices.
The barrel of Brent, a world reference, reached an average value of almost 100 dollars in March, when in the weeks before the start of hostilities it moved below 70 dollars.
