Skip to content

Shell posts $6.92bn Q1 profit as Iran war lifts oil prices

financeMay 7, 202621597

Royal Dutch Shell posted $6.92 billion profit for the first quarter, covering January through March. The company said profits rose as crude prices climbed after the Iran conflict tightened supply and pushed wholesale energy costs higher. Rising oil prices boosted Shell’s earnings and strengthened cash flow that supports dividends and investor returns while contributing upward pressure on pump prices for consumers. The result underscores how Middle East geopolitical risk quickly alters energy company profits and reinforces arguments for accelerating the shift to cleaner energy sources.

3 sources