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Shell's quarterly profit doubles to $10.8 billion on Iran war oil prices

Shell reported an adjusted profit of $10.8 billion for July-September, nearly double the $5.4 billion a year earlier, as the Middle East conflict pushed up oil and gas prices. The results beat analyst forecasts, and the company raised its quarterly buyback to $5 billion. Climate campaigners, including Greenpeace, criticised the windfall as shares rose 3%.

Shell's quarterly profit doubles to $10.8 billion on Iran war oil prices

This summary is based on reporting by The Guardian.

Read the full story at The Guardian