Record quarterly profits in four years

British oil and gas company Shell achieved a quarterly profit of $9.84 billion in the second quarter of 2026, the highest level in four years. This was driven by rising fossil fuel prices amid ongoing conflicts in the Middle East. The profit exceeded analysts' expectations of $8.79 billion and reaffirmed the company's ability to thrive in volatile market environments through operational excellence and trading efficiency. The results also showed a cash flow from operations of $21.4 billion and a reduction in net debt to $41.75 billion, while maintaining a share buyback program of $3 billion for the upcoming quarter.

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