By Shadia Nasralla and Stephanie Kelly LONDON, May 7 (Reuters) - Shell's first-quarter profit beat estimates and hit its highest in two years at $6.9 billion on Thursday, boosted by gains linked to the Middle East war,

Earnings more than doubled—helped by oil trading and higher prices—but the energy major warned of lower production, and lowered its buyback from the previous quarter.

The administration’s “Project Freedom” could be resuming later this week. Yet Iran is also trying to impose new rules for oil tankers.

Shell has reported adjusted earnings of $6.9bn for the first quarter of 2026 (Q1 2026), a 23.2% increase from $5.6bn in the same period of the previous year. Cash flow from operations (CFFO), excluding working capital,

Shell's integrated gas and upstream segments showed resilience with increased earnings, benefiting from higher commodity prices, while navigating market volatility.

London, May 7, 2026 'Shell delivered strong results enabled by our relentless focus on operational performance in a quarter marked by

The oil giant’s earnings in the first three months of the year were more than double the previous quarter’s and follow similarly strong results of European rivals.

Shell plc (SHEL), along with other large integrated oil companies, have benefited from higher oil prices and should warrant investor attention.

Shell is making its biggest acquisition in a decade.

Worley is EPC contractor on 200-MW capacity plant, ensuring high-pressure systems and chemical handling facilities using potassium hydroxide electrolytes meet safety standards.