War in the Middle East leads to huge profits for Shell again

Shell's profit surged to $12.1 billion in the last quarter, up from $5.4 billion a year ago, driven by ongoing Middle Eastern conflicts affecting oil supply. The company benefits from rising oil prices due to reduced market availability and increased liquefied gas revenue, with European gas prices exceeding €100 per megawatt-hour. Shareholders will receive higher dividends as a result of these profits. Political efforts to impose additional taxes on oil and gas companies have faced challenges, particularly since Shell is no longer a Dutch company, complicating potential taxation at the national level.