# Shell posts 115% jump in first-quarter profits from $3.2bn to $6.9bn.

*business · news · 2026-05-07 · The Guardian*

## Key points

- Shell reported first-quarter 2025 profits of $6.9bn, 115% higher than the previous quarter.
- Disruption in the Strait of Hormuz pushed oil prices from $61 to $119 a barrel in early 2025.
- Shell's profits surpassed analyst forecasts of $6.4bn due to exceptional oil trading during the Iran conflict.
- Campaigners are renewing calls for windfall taxes on Shell's higher profits to support vulnerable households.

**Companies:** Shell, BP
**Countries:** Iran, United States

[Read the full story on The Guardian](https://www.theguardian.com/business/2026/may/07/climate-campaigners-attack-shell-over-windfall-profits-from-iran-war)

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