Shell managed to shake off ‘severe disruption’ in energy markets this year as its traders cashed in on higher oil prices. It is more than double the $4.26billion posted in the second quarter of 2025. The oil giant said the boost in earnings in the three months to the end of June reflected higher prices and LNG, crude and oil trading. Shell more than doubled its profits in the second quarter amid volatile energy marketsResults at Shell’s chemicals and products unit, which includes its oil trading desk, jumped to $2.88billion, up from $118million a year ago. Approximately 20 per cent, or 550,000 barrels of oil equivalent a day (boed), of Shell's oil and gas production comes from the Middle East, with around 10 per cent of that Qatar-related.