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Tap here. Shell reported adjusted second-quarter earnings of $9.84 billion, more than double last year’s level and ahead of analyst expectations. Higher oil and gas prices, strong trading and healthy refining margins helped deliver the company’s best quarterly profit since the 2022 energy shock after Russia’s invasion of Ukraine.
Shell also kept buybacks at $3 billion for the next quarter. The message was simple: geopolitical chaos is bad for the world, but very good for integrated oil giants. WHAT HAPPENED Shell posted adjusted earnings of $9.84 billion for the April-to-June quarter.