Shell just smashed earnings records in Q2, raking in nearly $10 billion—way above forecasts—thanks to soaring oil and gas prices fueled by Middle East tensions. Profits jumped dramatically from last year’s dismal half and even outpaced the first three months of this year. To keep the momentum, Shell just agreed to buy Canadian energy giant ARC Resources for $16.4 billion, signaling a bold expansion in its global energy play.
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