{"id":1237,"date":"2026-07-30T19:09:03","date_gmt":"2026-07-30T19:09:03","guid":{"rendered":"https:\/\/smartmovinghome.com\/?p=1237"},"modified":"2026-07-30T19:09:03","modified_gmt":"2026-07-30T19:09:03","slug":"as-the-war-on-iran-spikes-gas-prices-shells-profits-more-than-doubled","status":"publish","type":"post","link":"https:\/\/smartmovinghome.com\/?p=1237","title":{"rendered":"As the War on Iran Spikes Gas Prices, Shell\u2019s Profits More Than Doubled"},"content":{"rendered":"<div>\n<!-- begin partial\/series-card --><\/p>\n<div>\n<div>\n<p><i><span>Support justice-driven, accurate and transparent news \u2014 make a <\/span><\/i><i><span>quick donation<\/span><\/i><i><span> to Truthout today!\u00a0<\/span><\/i><\/p>\n<p>Read more <a href=\"https:\/\/smartmovinghome.com\/?p=1235\">Fetterman Is So Unpopular That He Loses to \u201cSomeone Else\u201d by 18 Points in Poll<\/a><\/p>\n<\/div>\n<\/div>\n<p>The London-based oil behemoth Shell reported Thursday that its net profit more than doubled in the second quarter of this year compared to the same period in 2025 as the Iran war pushed up energy prices, causing pain for consumers in the United Kingdom and around the world.<\/p>\n<p>\u201cThese profits have been built on an energy crisis that\u2019s left households across the country struggling with high energy bills at home and expensive fuel at the pumps,\u201d Danny Gross, energy campaigner at Friends of the Earth UK, said in a statement. \u201cThis underlines the urgent need to end our dependence on costly oil and gas.\u201d<\/p>\n<p>From April to June, Shell posted $9.84 billion in profit \u2014 the company\u2019s best quarter in four years. Wael Sawan, Shell\u2019s CEO,  the company\u2019s \u201coperational performance enabled very strong results during another quarter of severe disruption in global energy markets, as we worked hard to provide critical energy supplies and products to our customers.\u201d<\/p>\n<p>Shell said it would reward shareholders with another $3 billion in stock buybacks following the second-quarter results, which were released as the UK faced a deadly heatwave. UK authorities said Thursday that there were 2,877 heat-associated deaths in May and June \u2014 putting the country on track to see its highest level of heat-related deaths on record.<\/p>\n<p>\u201cThis is obscene,\u201d Zack Polanski, leader of the UK Green Party, wrote on social media in response to Shell\u2019s earnings report.<\/p>\n<p>Read more <a href=\"https:\/\/smartmovinghome.com\/?p=1233\">\u201cThis Is a God Thing\u201d \u2014 Johnson Claims Prayers Will Help GOP Win the Midterms<\/a><\/p>\n<p>\u201cWhile the cost of living crisis continues to spiral, with food and fuel prices soaring,\u201d Polanski wrote, \u201cso do global oil and gas companies profits.\u201d<\/p>\n<p>Rudy Schulkind, political campaigner with Greenpeace UK, said that \u201cwe\u2019re running out of words to describe the obscenity of these numbers.\u201d<\/p>\n<p>An analysis released last month by the environmental group 350.org estimated that over $700 billion \u201cwill be siphoned from businesses and households to the oil and gas industry\u201d by the end of the year due to price increases caused by the war that the US and Israel launched in late February.<\/p>\n<p>Oxfam projected earlier this week that the world\u2019s six largest fossil fuel corporations \u2014 Shell among them \u2014 would double their combined profit in the second quarter of 2026. The humanitarian group also found that \u201cthe emissions from BP, Chevron, ExxonMobil, Shell, and TotalEnergies were sufficient to cause around one in four heatwaves reported globally between 2000 and 2023 \u2014 heatwaves that would have been virtually impossible without human-made climate change.\u201d<\/p>\n<p>Read more <a href=\"https:\/\/smartmovinghome.com\/?p=1231\">GOP Senator Calls Mamdani a \u201cThug,\u201d Says He Should Be Imprisoned in Gitmo<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>A Greenpeace UK campaigner said that \u201cwe\u2019re running out of words to describe the obscenity of these numbers.\u201d\u2026<\/p>\n","protected":false},"author":1,"featured_media":1236,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1237","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - 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