The oil giant reported adjusted earnings of $5.07 billion in the second quarter. But when that's compared to the record $11.5 billion profit Shell posted in the year-ago period, at the height of the e

Shell profits cut in half by lower oil prices

04:56am, Thursday, 27'th Jul 2023
Shell has reported a 56% drop in second-quarter profit, as oil and gas prices fell from record highs reached following Russia's full-scale invasion of Ukraine 17 months ago.
Oil giant Shell CEO Wael Sawan says the company will be more disciplined with its capital.
The oil major boosted its dividend and added a $3 billion buyback in its first quarterly results release since its new CEO unveiled a strategic shift.
Shell and TotalEnergies reported sharp falls in second-quarter profit from bumper 2022 earnings as oil and gas prices, refining margins and trading results all weakened.
Shell said Thursday that second-quarter earnings fell, and launched a $3 billion share buyback program.
Shell Chief Executive Officer Wael Sawan discusses second-quarter results on "Bloomberg Markets Today." --------
Shell PLC (LSE:SHEL, NYSE:SHEL) is launching US$5.5bn of new share buybacks and increased its quarterly dividend 15% to US$0.33 even after earnings tumbled due to lower oil and gas prices. The oil sup
Shell reported on Thursday profits of $5 billion in the second quarter, dropping by 56% from a year earlier as oil and gas prices cooled after rallying on the back of Russia's invasion of Ukraine.
British oil giant Shell on Thursday reported a sharp year-on-year drop in second-quarter profit on weaker fossil fuel prices.
Like its US counterpart, the ECB is expected to hike interest rates on Thursday, with president Christine Lagarde likely to suggest more increases are on their way. It's a FTSE 100-fest in terms of co
Shell (SHEL) receives support from the London High Court as it dismissed ClientEarth's second attempt to accuse the company of mismanaging climate risks.
Greenpeace will clash with the government in court on Tuesday over the latter's granting of new licenses for North Sea oil and gas companies. Campaigners and the North Sea Transition Authority will ar
Indonesia's Pertamina and Malaysia's Petronas signed an agreement with Shell on Tuesday to buy its 35% stake in Indonesia's giant gas project Masela.
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