Shell reports profit surge amid rising oil prices
after close1 source ↓written by the desknot a recommendation
- a year earlier
- $5.58 bn
Shell reported profits of $6.92 bn for Q1, up from $5.58 bn a year earlier, driven by soaring oil prices due to the Iran war. This increase follows similar reports from rivals like BP and Equinor, indicating a strong trend across the energy sector. Traders may see continued volatility in oil markets as geopolitical tensions persist.
Not investment advice. For informational purposes only.