Shell reports $9.84 billion in adjusted earnings
Shell more than doubled its second-quarter earnings from a year earlier, driven by higher oil and gas prices.
The company’s adjusted earnings of $9.84 billion exceeded analyst estimates of $8.8-$8.9 billion.
Record refinery utilization and strong trading also boosted profits.
The higher earnings reflect a jump in realized oil and gas prices and higher crude, fuel, and LNG trading profits.