Shell has revealed a better-than-expected 70% surge in half-year earnings thanks to its best quarterly performance for fours years, despite “severe disruption” in oil and gas markets due to the Iran war.
The FTSE 100 giant saw underlying earnings jump to 16.75 billion US dollars (£12.55 billion) after notching up a forecast-beating 9.84 billion dollars (£7.37 billion) in the three months to the end of June as its oil traders capitalised on the highly volatile cost of crude.
