USA
Shell tops profit estimates as Iran war drives crude price surge
The Shell gas logo is displayed at a gas station in Austin, Texas, on April 27, 2026.
Brandon Bell | Getty Images
British energy giant Shell It reported stronger-than-expected first-quarter profit on Thursday as the Iran war caused energy prices to rise.
The oil giant posted adjusted earnings of $6.92 billion in the first three months of the year, beating analysts’ expectations of $6.1 billion, according to a consensus compiled by LSEG. A separate analyst estimate provided by the company had put Shell’s expected first-quarter profit at $6.36 billion.
Shell reported adjusted earnings of $5.58 billion in the same period last year and $3.26 billion in the last three months of 2025.
This is breaking news. Please refresh for updates.
Select CNBC as your preferred source on Google and never miss a beat from the most trusted name in business news.
