
NACHRICHT
7.5.2026
Shell gives update on costly war damage to its output
Shell has revealed a surge in quarterly profits on the back of the Middle East conflict but also given an update on costly war damage to its output.
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Sky News Business
Shell has revealed a surge in quarterly profits on the back of the Middle East conflict but also given an update on costly war damage to its output.

Shell has revealed a surge in quarterly profits on the back of the Middle East conflict but also given an update on costly war damage to its output.

BP reported underlying profits of $3.2bn for Q1 2026, more than double the $1.38bn from the same period last year, beating City forecasts of $2.67bn. The energy giant said profits were driven by an exceptional oil trading contribution as oil prices surged following the US-Israel war on Iran that began in late February, with the Strait of Hormuz effectively blocked.