8 May 2026 8:57 am
JuCo KILL YOURSELF
Shell reported a massive profit surge for the first quarter of 2026, with adjusted earnings reaching $6.92 billion, more than doubling from the previous quarter. This jump in profitability is driven by soaring oil and gas prices caused by the U.S.-Iran war. The company's strong performance, fueled by market volatility, has prompted calls for a windfall tax on these profits.
Key Details on Shell's Performance (Q1 2026)
- Profit Total: Nearly $7 billion ($6.92bn) in the first three months of 2026.
- Comparison: Profits more than doubled compared to the previous quarter and were 24% higher than the same period a year earlier.
- Driver: The ongoing Iran war has pushed oil prices higher, with Brent crude frequently hovering near $100 a barrel.
- Market Impact: The conflict has impacted regional supply, with some of Shell's Qatari volumes affected, but this was offset by higher overall prices.
- Shareholder Returns: Shell is raising its dividend by 5% and continuing share buybacks, with plans to distribute over 30% of cash flow to shareholders in the second half of the year.
I gave SouthernFried my address and the coward didn't dare to show up. He knows better. 
He never served, stolen valor.
fried I live rent free in your mind. You got banned from democraticunderground, YES you did
SouthernFried, clean your daddies tool, it has your excrement smeared all over it
He never served, stolen valor.
fried I live rent free in your mind. You got banned from democraticunderground, YES you did SouthernFried, clean your daddies tool, it has your excrement smeared all over it