Shell Profits Double as Oil Prices Rise

Shell is a big oil and gas company. In the second quarter of 2026, Shell made $9.84 billion. This is much more than last year. In 2025, the company made only $4.26 billion in the same quarter.

Why did Shell make more money? Oil prices went up. There were problems in the Middle East. Ships could not move oil easily. Before the problems, oil cost about $73 for one barrel. Then it went up to more than $120. Later, it went down to less than $100.

Shell also had some problems. The company's gas production in Qatar stopped in March. One of Shell's facilities was damaged. Production fell a lot in the second quarter.