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Shell rakes in $12B profit as Middle East war drives up prices

DutchNews.nl ·
Shell rakes in $12B profit as Middle East war drives up prices
Shell's profits hit $10.8 billion, doubling last year's figures, as the Middle East conflict drives energy prices higher. The company's earnings surged due to US and Israel's actions against Iran, affecting fuel values significantly.

Summary

Shell reported $10.8 billion in adjusted quarterly profits, doubling its earnings from the same period last year, driven by rising energy prices due to the Middle East conflict. The company's profits surged following the US and Israel's attacks on Iran, impacting fuel product values amid geopolitical tensions.

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