Shell Profits Jump to $6.92 Billion in Q1 on Oil Price Surge
Photo source: https://www.bbc.com/news/articles/ce3p0x54drwo
Shell's profits climbed in the first three months of the year as oil prices jumped sharply since the start of the Iran war.
The oil giant reported $6.92 billion (£5.1 billion) in profits for the first quarter, compared with $5.58 billion in the same period last year.
Oil prices have risen steeply since the US-Israel war with Iran began. The key Strait of Hormuz, which normally carries about 20 percent of global oil and liquid natural gas supplies, has been effectively closed.
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