Fuel prices cause Shell's profit to soar to more than double by September

Shell reported a significant profit increase of 108% for the first nine months of the year, driven by rising fuel prices. Total revenues reached $261.8 billion, a 26.4% year-on-year rise. The company's net income attributed was $28.57 billion, while EBITDA adjusted rose by 41% to $61.19 billion. Free cash flow also increased by 68.6% to $36.77 billion, and net debt decreased by 10.7%. CEO Wael Sawan highlighted strong operational performance amid ongoing global energy disruptions, with oil prices exceeding $114 per barrel due to Middle East tensions.