Shell profits double as oil prices rise due to Iran war

Read the original at BBC News ↗
Cite

Meierhans, J., & Musafer, S. (2026, July 30). Shell profits double as oil prices rise due to Iran war. BBC News. https://www.bbc.co.uk/news/articles/cpq8n45r5e8o?at_medium=RSS&at_campaign=rss

Dated when The Aporia collected the article, usually within hours of publication. Check the original for its exact date and byline.

BBC News · collected 2026-07-30 · by Jennifer Meierhans, Shanaz Musafer

Quick Summary

Shell, a major oil company, has seen its profits more than double to $9.84bn in the second quarter of the year due to increased oil prices caused by the Iran war. The price of Brent crude oil rose from around $73 per barrel before the conflict began to over $120. Shell's trading business also saw significant gains as energy prices fluctuated wildly during the conflict. Environmental campaigners criticized Shell's profits, saying they were built on an energy crisis that has left households struggling with high energy bills.
Written locally by qwen2.5:14b on 2026-08-21, using this article's own text rather than the other coverage of the same event (that is the story summary below).

AI analysis runs on qwen2.5:14b, locally

Story summary

Shell's profits have more than doubled to $9.84 billion (£7.37 billion) in the second quarter of this year due to rising oil prices caused by the Iran war and disruption to global supplies through the Strait of Hormuz. This marks a significant increase from $4.26 billion in profits during the same period last year. The price of crude has fluctuated wildly since the conflict began, peaking above $120 per barrel but also falling back below $100 per barrel** due to speculation about when the Strait will reopen. Shell's trading business has benefited from these oil price swings, contributing to the company's strong results. With profits of $6.92 billion in the first three months of the year, Shell has seen a total 70% surge in first-half earnings.

Written for “Iran Conflict Disrupts Oil Supply” on 2026-10-17, grounded in this article and the 0 other(s) covering the same event.

Story

📰 Iran Conflict Disrupts Oil Supply
Economy/Business · 1 article(s) covering the same event.

Compared with similar articles

Nothing to compare against. No article is close enough to this one for the pipeline to have linked or judged the pair.
How this article was measured signals, leaning charts, publisher record, byline, topics and claims

Signals How these are calculated →

Claims extracted
20
sentences that state something as happening or true
Uncertain
5%
1 of 20 hedged ("reportedly", "may", "according to")
Leaning
withheld
no quote in the article backed the model's score
Publisher signals
69/100
BBC News's corrections and hedging, across everything collected from it. Not a measure of accuracy.
Outlets on this story
1
Economy/Business
Same framing elsewhere
1
articles that frame the event the way this one does
Analyzed 2026-07-30 · how these are computed

How this is being covered How these are calculated →

Article leaning vs. publisher reliability
Source leaning vs. consistency

Publisher

BBC News · 3571 article(s) · 4 correction(s) detected
Running correction rate · 4 correction(s)

Who wrote this

Jennifer Meierhans
4 article(s) here · 1 carrying a prediction
🔮 Dr Hall says while it may be tempting to get involved, it is not helpful in the long term.
🔮 - Published Eighteen-year-olds will be able to buy half-price train tickets for most services when railcard rules are changed later this month, the Department for Transport (DfT) has announced.
2026-08-04 · assertive framing · Half-price rail travel extended to 18-year-olds
🔮 Since then, it has peaked above $120 but also fallen back below $100 as speculation has swirled over when the Strait of Hormuz will reopen.
2026-07-30 · assertive framing · Shell profits double as oil prices rise due to Iran war
🔮 Responding to Burham's comments, industry body the Recruitment and Employment Confederation (REC) said online interviews were useful, particularly in earlier hiring stages, but could not replace vital in-person connection.
Also by Jennifer Meierhans
Nothing else under this byline is closely related to this article, so these are simply their most recent.
Shanaz Musafer
3 article(s) here · 1 carrying a prediction
🔮 But Weston said if that were to happen, there was a risk the taxpayer would have to bear the cost of funding it, and instead backed a rescue deal put forward by the firm's lenders.
2026-07-31 · assertive framing · Thames Water boss says leakage targets 'not realistic'
🔮 - Published BP has said it is putting its North Sea business up for sale in a move that would end 60 years of production in the region by the oil giant.
2026-07-31 · assertive framing · BP puts North Sea business up for sale
🔮 Since then, it has peaked above $120 but also fallen back below $100 as speculation has swirled over when the Strait of Hormuz will reopen.
2026-07-30 · assertive framing · Shell profits double as oil prices rise due to Iran war
Also by Shanaz Musafer
Nothing else under this byline is closely related to this article, so these are simply their most recent.

Topics

Brazil Iran Norway Qatar Shell

Subjects

Shell ORG · 10× Brazil GPE · 2× Iran GPE · 2× Qatar GPE · 2× Equinor ORG · 1× Friends of the Earth ORG · 1× Maurizio Carulli PERSON · 1× Norway GPE · 1× Quilter Cheviot ORG · 1× Wael Sawan PERSON · 1×

Narrative

"The standout contribution came from Shell's trading operation, which once again demonstrated the value of its integrated business model, supported by healthy refining and chemicals performance and robust production growth in Brazil," said Maurizio Carulli, global energy analyst at Quilter Cheviot.
framing: assertive · carried by 1 article(s) · first seen 2026-07-30
🔮 Since then, it has peaked above $120 but also fallen back below $100 as speculation has swirled over when the Strait of Hormuz will reopen.
2026-07-30 · BBC News
Shell profits double as oil prices rise due to Iran war · assertive framing

Claims (20 extracted, 1 hedged)

- Published Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices. asserted
war → double → prices
The oil giant posted profits of $9.84bn (£7.37bn) for the April-to-June period, up from $4.26bn at the same point last year. asserted
giant → post → point
The price of crude has risen since the outbreak of the US-Israel war with Iran due to major disruption to global supplies of oil and liquefied natural gas (LNG) through the Strait of Hormuz. asserted
price → rise → Hormuz
But energy prices have also seen sharp swings during the conflict, which has boosted Shell's trading business. asserted
which → see → business
Shell chief executive Wael Sawan said the company's "operational performance enabled very strong results during another quarter of severe disruption in global energy markets". asserted
performance → say → markets
Together with its profits of $6.92bn for the first three months of the year it means Shell has seen a 70% surge in first-half earnings. asserted
Shell → mean → earnings
Shell and other energy giants such as BP and Norway's Equinor have seen bumper profits this year, partly down to trading on oil price swings. asserted
Shell → see → swings
Before the conflict began, the price of Brent crude, the global benchmark for oil prices, was around $73 a barrel. asserted
price → begin → prices
Since then, it has peaked above $120 but also fallen back below $100 as speculation has swirled over when the Strait of Hormuz will reopen. asserted
Strait → peak → Hormuz
These big movements in the oil price can widen the gap between buying and selling prices which typically enables traders to make bigger profits. asserted
which → widen → profits
However, the conflict in the Middle East has also affected some of Shell's operations. asserted
conflict → affect → operations
Its LNG production in Qatar has been shut down since early March because of the conflict, and its Pearl gas-to-liquids facility in Qatar suffered "extensive damage" when it was hit by a missile attack in March. asserted
it → shut → March
The company has said repairs could take about a year. uncertain
repairs → say → year
Overall gas production fell to 631,000 barrels of oil equivalent per day for the April to June period, from 909,000 barrels per day in the first quarter, the firm said. asserted
firm → fall → quarter
Total oil and gas production in the first half of the year fell 16% compared with the first half of 2025, although Shell did point to new oil production in Brazil and the Gulf of America. asserted
Shell → fall → America
"The standout contribution came from Shell's trading operation, which once again demonstrated the value of its integrated business model, supported by healthy refining and chemicals performance and robust production growth in Brazil," said Maurizio Carulli, global energy analyst at Quilter Cheviot. asserted
Carulli → come → Cheviot
"[Shell] remains a steady ship in an industry where conditions can change rapidly." However, environmental campaigners reacted with anger to the latest results. asserted
campaigners → remain → results
"With extreme heatwaves and wildfires hitting the UK and ravaging Europe, it's outrageous that Shell is making huge profits while continuing to fuel the climate crisis," said Friends of the Earth energy campaigner Danny Gross. asserted
Gross → hit → Earth
"These profits have been built on an energy crisis that's left households across the country struggling with high energy bills at home and expensive fuel at the pumps. asserted
that → build → pumps
This underlines the urgent need to end our dependence on costly oil and gas." asserted
This → underline → oil
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