Shell quarterly net profit jumps 19% as war fuels oil prices

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London: British energy giant Shell has reported a significant 19% jump in quarterly net profit, driven by soaring oil and gas prices linked to the ongoing conflict in the Middle East.

According to the company's Q1 earnings statement released on Thursday, profit after tax climbed to $5.69 billion for the January–March period, up from $4.78 billion during the same timeframe in 2025.

CEO Wael Sawan attributed the ‘strong results’ to the company’s operational performance during a quarter characterized by ‘unprecedented disruption in global energy markets.’

As war-related volatility continues to impact supply chains and fuel costs, Shell’s financial gains highlight the direct correlation between geopolitical instability and the profitability of major energy producers.

Photo Credits: AFP