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Shell profits up 25% in first three months of 2026 to $6.9bn (£5bn) Oil and gas production fell 4% due in large part to Middle East conflict.
Shell's Q1 2026 profits rose nearly 25% to $6.9 billion, driven by trading and refining margins.
KEY POINTS
- A key unit at Shell’s Pearl GTL plant in Qatar was damaged in March and will take a year to repair.
- Only about 10% of Shell's current investment is directed toward lower-carbon energy projects.
- Shell's CEO warns Europe's fuel supplies may face shortages due to continued Strait of Hormuz disruptions.
- The majority of Shell's windfall is being used for share buybacks and dividends, not renewables investment.
COMPANIES
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