Shell reported its best quarterly earnings in two years, as the Iran war raised trading profits, prompting it to raise the dividend by 5%, but it warned of lower natural gas production.

Shell stock was dropping despite booming profit driven by oil trading.

The conflict damaged Shell's own infrastructure, but it sent energy prices soaring and put Shell squarely in the middle of the windfall. The numbers first: Shell booked profits of $6.92 billion, beating a company-provided analyst consensus of $6.

Shell's Q1 adjusted earnings jump to $6.92B, beating analyst forecasts. War disruptions hit output, but ARC deal boosts growth outlook. Shell reported a strong first quarter, with adjusted earnings the company's definition of net profit, rising to $6.92 billion.

Can trading windfall offset gas production challenges? ​Shell is set to report its first-quarter 2026 results on 7 May, with investors closely watching how the energy major has navigated an extraordinary period of geopolitical volatility,

Shell beat analyst expectations in the first quarter of 2026 with earnings comfortably above consensus estimates, as stronger upstream price realisations and resilient gas performance offset production disruptions and high working capital requirements.

Shell's robust in-house trading operation has delivered a flawless record over the past decade, with not a single quarter reporting a loss, according to CEO Wael Sawan. The London-based energy giant, renowned for its diverse portfolio in oil, natural gas ...

The U.S. military says it has fired on an Iranian oil tanker as President Donald Trump seeks to pressure Tehran into reaching a deal to end the war