What was Shell's adjusted net income for the second quarter, and how does it compare to both the prior year and analyst expectations?

Shell's adjusted net income for the second quarter was $9.8 billion, more than double the earnings from the same period a year earlier; it marked the highest quarterly profit since early 2023 and exceeded the $8.7 billion average analyst estimate compiled by Bloomberg.

How did the Iran–US conflict impact Shell’s operations—both positively and negatively—according to the news?

The Iran–US conflict boosted Shell’s profits through heightened volatility in global energy markets, which drove a refining boom and robust performance in oil trading—especially benefiting European firms like Shell—but also hurt its integrated gas division, causing a roughly 30% production decrease year-on-year due to disruption in Qatar, where Shell is the world’s biggest LNG trader.