Shell's profit more than doubles to $9.8 billion as Iran war boosts oil, gas prices

Shell posts best quarterly profit in four years as Iran war boosts oil and gas prices

Shell posted $9.84B Q2 earnings, beating consensus by $1B, driven by Iran war-linked oil/gas price surge—best quarter since Q2 2022. Energy majors' windfall accelerates capex for cloud and AI infrastructure—a major catalyst for enterprise IT vendor revenues and digital transformation.