business / news / / The Guardian
Shell posts 115% jump in first-quarter profits from $3.2bn to $6.9bn.
Shell reported first-quarter 2025 profits of $6.9bn, 115% higher than the previous quarter.
KEY POINTS
- 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
Summarized by Newsio from The Guardian. How we summarize →