Shell Reports Profit Surge as Oil Trading and Refining Boom

Shell’s profits have more than doubled while Americans keep paying more at the pump

‘When wars make oil companies richer, something’s seriously messed up in the world,’ one social media user noted

There’s 1 Simple Reason Oil Firms Are Thriving on the Iran War: Chaos in the Trade Routes Is Exactly Where They Make Money

The recent developments in the war in Iran, which appeared last month to be winding down but have now reignited, have led to rising gas prices. And this has led to big profits for oil companies. According to Bloomberg News’ Energy Daily newsletter, both oil trading and refining are “booming,” and the latest example is a blockbuster earnings report from Shell, the largest energy company in Europe. The 354th Fighter Wing conducts a 75-fighter jet …

As the War on Iran Spikes Gas Prices, Shell’s Profits More Than Doubled

A Greenpeace UK campaigner said that “we’re running out of words to describe the obscenity of these numbers.”…

Shell profit surges as oil trading and refining margins boom

Adjusted net income rose to $9.8 billion, more than doubling from a year earlier, London-based Shell said in a statement.

Shell quarterly net profit soars to $10.8 billion

LONDON — British energy giant Shell said on Thursday that its net profit tripled to $10.8 billion in the second quarter as market volatility and the Middle East war sent oil...