-+ 0.00%
-+ 0.00%
-+ 0.00%
Shell Reports $9.8 Billion in Adjusted Earnings as Energy Prices Surge
Share
Listen to the news
Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong trading boosted profits to above analyst expectations. Shell on Thursday reported adjusted earnings of $9.84 billion for the second quarter, more than double the $4.26 billion for the same period last year, and smashing analyst estimates of $8.8-$8.9 billion. The higher adjusted earnings reflected a jump in realized oil and gas prices, higher crude, fuel, and LNG trading profits, surging chemicals…
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending