Quarterly figures

Shell posts substantial profits again in the second quarter thanks to higher oil prices

Shell profiteerde in het tweede kwartaal van 2026 van de hogere olieprijzen en zag de winst stijgen naar 9,8 miljard dollar. Foto: Shell

The British oil and gas company Shell has seen its profits rise sharply in the second quarter of 2026 compared with the first quarter. Factors including the sharp rise in oil prices resulting from the war in the Middle East contributed to the higher profits.

Shell’s profits for the second quarter of 2026 stood at $9.8 billion, compared with $6.9 billion in the first quarter, representing a 42 per cent increase. Compared with the second quarter of 2025, profits have risen by as much as 128 per cent. At that time, they stood at $4.3 billion.

Profit in the past quarter was the second-highest ever for Shell. Only in the second quarter of 2022 was it higher, when the group posted a profit of $11.5 billion. Energy prices rose sharply at that time as a result of the Russian invasion of Ukraine.

Fuel sales

Within the Marketing division, which includes the sale of fuels and lubricants, profit in the second quarter stood at $1.329 billion. This is virtually the same as in the first quarter, when the division generated $1.334 billion. Compared with the same quarter last year, profit rose by 10.8 per cent, from $1.199 billion to $1.329 billion.

Fuel sales totalled 2.570 million barrels per day, compared with 2.627 million barrels per day in the previous quarter. This represents a slight decrease of 2.2 per cent.

TotalEnergies

TotalEnergies, which announced its second-quarter results on 23 July, also posted a substantial profit. As a result of high oil prices, the French group achieved its best quarterly result in nearly three years. Both groups benefited from the market disruptions and volatility caused by the war in the Middle East.

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This article was automatically translated from the original Dutch text into British English.

Author: Nina Koelewijn

Source: Mobility Energy

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