Energy: Shell reports higher-than-expected profits driven by rising oil prices due to the Iran conflict, leading to reduced share buybacks.

May 7, 2026 - 03:20

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Energy: Shell reports higher-than-expected profits driven by rising oil prices due to the Iran conflict, leading to reduced share buybacks.

Shell UK reported a quarterly profit that exceeded expectations, driven by soaring fossil fuel prices amid the ongoing conflict in Iran. 📈💰 #EnergyMarket #Shell #IranWar

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