Shell on Thursday reported stronger-than-expected first-quarter profit, buoyed by soaring energy prices amid the ongoing Iran war and severe disruption across global energy markets.
The British energy giant posted adjusted earnings of $6.92 billion for the first three months of the year, surpassing analyst expectations of $6.1 billion, according to an LSEG-compiled consensus. A separate company-provided analyst forecast had projected first-quarter profit at $6.36 billion.
The latest result marked a sharp increase from the $5.58 billion recorded during the same period a year earlier and more than double the $3.26 billion posted in the final quarter of 2025.
Commenting on the performance, Shell Chief Executive Officer Wael Sawan said the company’s results reflected its operational resilience despite turbulence in global energy markets.
“Shell delivered strong results enabled by our relentless focus on operational performance in a quarter marked by unprecedented disruption in global energy markets,” Sawan said in a statement.
Despite the stronger earnings, Shell reduced the pace of its quarterly share buyback programme to $3 billion from the previous $3.5 billion.
The company, however, announced a 5% increase in its dividend to $0.3906 per share, signalling confidence in its financial position even as geopolitical tensions continue to unsettle markets.
Shell’s earnings come as major energy companies continue to benefit from rising fossil fuel prices following the outbreak of the U.S.- and Israeli-led war against Iran on February 28.
The conflict has triggered prolonged disruption along the strategically critical Strait of Hormuz, a key shipping route for global oil and gas supplies.
The International Energy Agency has described the ongoing situation as “the biggest energy security threat in history,” warning that continued instability in the region could have far-reaching consequences for global energy supply and prices.Boluwatife Enome
Follow us on:
