BP's second-quarter profit doubled to $5.73 billion, exceeding analysts' expectations of $5.11 billion, and the company announced a 4% increase in dividends. Shell's adjusted earnings reached $9.84 billion, marking its best quarterly performance since 2022, and the company has conducted at least $3 billion in share buybacks for the 19th consecutive quarter. Both companies benefited from rising oil and gas prices due to the Iran war, but BP is actively restructuring to address past underperformance, while Shell has maintained a stable strategy for years. Despite strong performance, Shell's Pearl gas-to-liquids plant in Qatar has been shut down since an attack in March, with repairs expected to take approximately one year.