# The oil giant posted adjusted earnings of $6.92 billion for the first three months of the year.

*business · news · 2026-05-07 · CNBC*

## Key points

- Shell reported first-quarter 2024 adjusted earnings of $6.92 billion, surpassing analyst forecasts.
- Iran war-driven energy price increases significantly contributed to Shell's stronger-than-expected profits.
- Shell's Q1 2024 profit exceeded both LSEG's $6.1 billion and Shell's own $6.36 billion estimates.
- Shell's Q1 2024 earnings rose sharply from $5.58 billion a year ago and $3.26 billion in Q4 2025.

**Companies:** Shell
**Countries:** United Kingdom

[Read the full story on CNBC](https://www.cnbc.com/2026/05/07/oil-giant-shell-tops-quarterly-profit-estimates-as-iran-war-drives-price-surge.html)

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