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Shell reported profits of $6.92bn (£5.1bn) for the first quarter.
Shell reported first-quarter profits of $6.92bn, up from $5.58bn last year.
KEY POINTS
- Shell's profit increase is directly linked to the sharp rise in oil prices.
- Oil prices surged after the US-Israel conflict with Iran closed the Strait of Hormuz.
- The Strait of Hormuz closure disrupted about 20% of global oil and gas supplies.
COMPANIES
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