Shell doubles its profits to $9.5bn as call for windfall tax grows

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Oil giant to boost dividends as firm continues to benefit from energy price spike after Ukraine invasion

Shell has reported profits of nearly $9.5bn (£8.2bn) between July and September, more than double the amount it made during the same period a year earlier, as it said it would increase its payments to shareholders.

The oil company continued to benefit from soaring energy prices prompted by Russia’s invasion of Ukraine, but it was not able to match the record $11.5bn profit it earned between April and June, because of weaker refining and gas trading.

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