Shell Profit Climbs as Iran War Boosts Oil Price, Trading

Shell Plc reported stronger-than-expected first-quarter earnings as the Iran war boosted trading profits and drove up energy prices, helping it to overcome a drop in oil and gas production from the conflict.

Adjusted net income rose to $6.92 billion, the London-based oil major said in a statement. That beat the $6.1 billion median estimate of analysts compiled by Bloomberg, as surging oil and gas prices lifted returns.