As Shell becomes the latest oil and gas company to announce eye-watering profits , millions of people are seeing their energy bills and prices at the pump spiralling upward. The oil giant Shell raked in nearly £5.1billion in the first three months of this year on the back of the Iran war . The industry heavyweight was among producers to benefit from a surge in wholesale oil and gas prices. Its profit was more than double the £2.4billion it made in the final three months of 2025 and up from £4.