Shell profits double as oil prices rise due to Iran war

Disruption to global supplies of oil and liquid natural gas through the Strait of Hormuz has pushed up prices.

Labcorp Raises Earnings Outlook on Strong Medical Testing Demand

Labcorp Holdings Inc. raised its outlook for the year after reporting second-quarter earnings that topped analyst estimates, citing strength in cancer tests and new genetic screenings.

By Melos Ambaye

Rolls-Royce raises 2026 targets after profits beat expectations

FTSE 100 group forecasts underlying operating profit of £4.7bn to £4.9bn by end of the year

Shell’s profits more than double after jump in oil and gas prices

Environmental groups renew calls for windfall tax to support households following Q2 earnings rise to $9.84bn Shell more than doubled its profit in its second quarter of the year, as Europe’s biggest oil and gas company reaped the benefits from the jump in oil and gas prices triggered by war in the Middle East. The FTSE 100 company’s net profit hit $9.84bn (£7.4bn) in the three months ended in June, more than double compared with the same period last year. Continue reading...

By Lauren Almeida

Jeep maker Stellantis swings to profit on rising demand in North America; shares fall 5%

Auto giant Stellantis on Thursday swung to profit in the second quarter, boosted by rising demand in North America.

Samsung delivers record-setting profits, but the shares still can’t catch a break from investors.

Although supply constraints are still severe and demand for its memory chips relentless, there is still skepticism among investors about the longevity of the AI capex boom and the threat of cheap chips from China.

By Jules Rimmer

Samsung Q2 results: Tech giant posts record high $62 billion profit on AI chip boom

Samsung Electronics achieved its highest-ever quarterly operating profit, fueled by strong AI chip demand. Rival SK Hynix also reported record revenue, reflecting industry strength. However, investor sentiment declined due to expansion plans and Chinese competition. Both companies are investing heavily in new chipmaking facilities and data centers. Global partnerships are strengthening to secure memory chip supplies for AI.

By SHIVANGHI PAYAL

Appliances and auto parts lift LG Electronics to record Q2

LG Electronics reported Thursday an operating profit of 1.58 trillion won ($1.1 billion) for the second quarter, up 147 percent from a year earlier, on revenue of 23.83 trillion won. Both are second-quarter records. They match the preliminary numbers the company put out on July 7 to within a few billion won. What Thursday's disclosure added was the breakdown by division. Home appliances cleared 7 trillion won in quarterly revenue for the first time, at 7.08 trillion won, and earned 685.9 billion

By The Korea Herald

Panasonic raises profit outlook on AI demand, battery unit profit jumps

MarketAxess Non-GAAP EPS of $1.95 beats by $0.09, revenue of $218M beats by $1.3M

Shell profits double as oil prices rise due to Iran war

Shell's profits for the second quarter of the year have more than doubled after the Iran war pushed up oil prices.

By David Apinga