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The Guardian - UK
The Guardian - UK
Business
Jillian Ambrose Energy correspondent

Climate campaigners attack Shell over ‘windfall’ profits from Iran war

Shell Iran Oil
a Shell petrol station in the UK
Soaring oil prices have led to steep increases in fuel bills for motorists. Photograph: Maureen McLean/Shutterstock

Shell has reported better than expected profits of $6.9bn (£5bn) after its oil traders reaped the benefits of soaring energy prices during the war in Iran, angering climate campaigners.

Europe’s biggest oil and gas company posted a 115% jump in first-quarter profits from the $3.2bn reported in the last three months of 2025.

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