Shell and Centrica post profits totalling £11bn as households struggle with bills

British Gas owner reinstates dividends after operating profits of 1.3bn, while Shell reports 10bn profit between April and June

Shell made record profits of nearly 10bn between April and June and promised to give shareholders payouts worth 6.5bn as the oil supermajor benefited from the surge in energy prices prompted by Russia's invasion of Ukraine.

The FTSE 100 company made adjusted profits of $11.5bn (9.5bn) during the second quarter of the year, beating its previous high - set between January and March - by 26%. The profits were more than double the same period in 2021, and higher than expected by analysts.