What were Shell's first-quarter profits, and how do they compare to analyst forecasts and the same period last year?

Shell reported first-quarter profits of $6.9bn, which was 115% higher than the $3.2bn in the previous quarter (Q4 2025), 24% up from $5.6bn in the same period a year earlier, and surpassed analysts' forecast of $6.4bn.

Why did Shell's oil traders benefit during the Iran war, and what impact did this have on global oil prices?

Shell's oil traders benefited from soaring energy prices caused by disruption to oil and gas flows through the Strait of Hormuz during the US-Israel war on Iran, pushing international crude prices from about $61 a barrel in January to highs of $119 at the end of March and again at the end of April.

Climate Campaigners Attack Shell Over 'Windfall' Profits from Iran War

May 7, 2026

Shell reported a 115% surge in Q1 profits to $6.9bn amidst soaring energy prices linked to the Iran war, sparking demands for windfall taxes. Production dropped 4% due to regional conflicts despite high market prices.

theguardian

2025-10-30

Shell chemical losses widen amid sustained weak margins

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Shell Flags Weak Margins, 'Significant' Chemicals Loss in Q4

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SCG Chemicals Posts Sales Decline and Loss

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Shell Weighs Plant Shutdowns as Chemical Losses Widen to $1.1B

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Shell Chemical Division Posts $589 Million Quarterly Loss