17:22 - 7.07.2026

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July 7, Fineko/abc.az. Global energy giant Shell has reported strong financial results for Q2  of 2026, taking advantage of market turmoil caused by the war around Iran.

Key figures and market impact:

Trading profit surge: According to the London-based company, oil trading profits remained at the strong levels of Q1, while gas trading results were "significantly higher" compared to the previous quarter.

Stock performance: On the back of these positive signals, Shell's shares rose 2.7% in today's trading on the London Stock Exchange.

Supply diversification: Company's oil & gas production volumes matched the forecast range for Q2, thanks to production in regions outside the Middle East.

War impact on the global market: Conflicts surrounding Iran have led to unprecedented disruptions in oil and gas supply, pushing crude oil prices to their highest levels since the 2022 Ukraine crisis. Due to the blockade of ships in the Persian Gulf, buyers were forced to shift their focus to distant regions, which also led to a sharp increase in tanker companies' freight revenues.