Shell announced a profit of 6.92 billion dollars for the first quarter, following the rise in oil prices caused by the war in Iran.

Shell reported an adjusted profit of $6.92 billion for the first quarter, exceeding analysts' expectations, which estimated $6.1 billion.

This increase was influenced by the war in Iran, which led to a significant rise in energy prices. Compared to last year, when the profit was $5.58 billion, the current result shows a considerable improvement. Shell also announced a 5% increase in dividends but reduced share buybacks to $3 billion. The company's net debt rose to $52.6 billion, which was noted as a minor negative aspect by analysts.

Shell recently completed a deal to acquire ARC Resources, a $16.4 billion transaction aimed at improving production. Shell's shares fell by 2.9% following the announcement, although they have risen by 15% since the beginning of the year.