Business & Finance
Shell Reports Profit Surge as Oil Trading and Refining Boom
Key Points
Shell Reports Profit Surge as Oil Trading and Refining Boom Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for its energy traders as the Iran war continued. Adjusted net income rose to $9.8 billion, more than doubling earnings from the same period a year earlier, the London-based major said in a statement. That marked the highest quarterly profit since early 2023 and beat the $8.7 billion average analyst estimate compiled by...
Shell Reports Profit Surge as Oil Trading and Refining Boom
Shell Plc said its second-quarter profit jumped on the back of an oil-refining boom and another robust period for its energy traders as the Iran war continued.
Adjusted net income rose to $9.8 billion, more than doubling earnings from the same period a year earlier, the London-based major said in a statement. That marked the highest quarterly profit since early 2023 and beat the $8.7 billion average analyst estimate compiled by Bloomberg. The company kept its $3 billion quarterly share buyback.