Shell profits double to $10.8bn as Iran war pushes up profit margin on oil
Shell reported a 100% increase in annual profit, reaching $10.8 billion, driven by higher oil margins linked to the conflict in Iran. The company plans to distribute $5 billion to shareholders through dividends and buybacks. Environmental groups have condemned the surge, arguing the earnings underscore the industry's climate impact. The results highlight the financial effect of geopolitical tensions on energy markets.