Energy Giants Feast on War Volatility as Geopolitical Risks Widen

Shell's profit more than doubled in the second quarter, hitting $9.8 billion as the energy market surge from the Middle East crisis handed Europe's largest oil and gas company its highest earnings since the aftermath of Russia's invasion of Ukraine. The FTSE 100 giant saw net profit surge from $4.7 billion a year ago, with CEO Wael Sawan preparing to urge the new UK Prime Minister Andy Burnham to support North Sea projects. Environmental groups immediately renewed calls for...