Shell's latest disclosure shows that the company's adjusted profit for the second quarter of this year was $9.84 billion, significantly higher than market expectations. The Middle East conflict, which drove up oil and gas prices, was the main driver of this quarter's improved performance.

Profits exceeded market expectations

According to company data, Shell's adjusted profit for April to June was $9.84 billion. LSEG's compiled analyst estimate was $8.79 billion, while Shell's own analyst forecast was $8.92 billion; the company's actual results exceeded both estimates.

Both year-on-year and month-on-month increases rebounded

In comparison, Shell's adjusted profit was $4.26 billion in the same period last year and $6.92 billion in the first quarter of this year. Based on this calculation, the company's second-quarter profit more than doubled compared to the same period last year and was also higher than the previous quarter, indicating that rising oil and natural gas prices directly supported profitability.

Middle East situation pushes up oil and gas prices

This earnings release comes amid escalating conflict in the Middle East. External market volatility has driven up crude oil and natural gas prices, benefiting energy companies. Shell's better-than-expected earnings this quarter also reflect the ongoing impact of geopolitical tensions on the global energy market.

Additional information:The original article is still in the news update stage. The content disclosed so far mainly focuses on profit data, market expectations and performance drivers, without going into more details.