Shell posts $9.84bn Q2 profit, boosted by Middle East conflict — Orlen reports next week

Shell reported an adjusted profit of $9.84 billion for the second quarter of this year, well above market expectations. Refining margins surged 174% and refineries ran above 100% capacity, driven by rising oil and gas prices linked to the Middle East conflict. Analysts see the results as a positive signal ahead of Poland's Orlen publishing its own report in a week's time.

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More on this topic

📈 Business Orlen shares hit all-time high — valuation exceeds 180 billion PLN Bankier.pl · 6d ago 📈 Business Orlen reports 7% drop in oil throughput and PLN 1.9bn write-offs in Q2 Bankier.pl · 9d ago 📈 Business Shell profits double as Iran conflict drives up oil and gas prices BBC Business · 1d ago