Shell's Profits Surge Amid Rising Oil and Gas Prices
Shell has reported its second highest quarterly earnings on record, with net profits nearly doubling to almost $10 billion in the second quarter of 2026. This surge in profits is attributed to the energy market upheaval caused by the Middle East crisis, which has driven up oil and gas prices. Shell's earnings come ahead of a planned meeting between the UK's new prime minister, Andy Burnham, and Shell's CEO, Wael Sawan, who is expected to discuss the development of North Sea projects. Environmental campaigners have renewed calls for a windfall tax on big oil companies to support households affected by rising energy costs. 
