Shell Profits Triple As Oil Prices Surge
May 6, 2022 ·
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Description
Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world. Shell made $9.13bn in the first three months of the year,...
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Energy giant Shell has reported its highest ever quarterly profits as oil and gas prices surge around the world.
Shell made $9.13bn in the first three months of the year, nearly triple its $3.2bn profit announced for the same period last year.
The firm however said pulling out of Russian oil and gas due to the Ukraine conflict had cost it $3.9bn.
Shell chief executive Ben van Beurden says the war in Ukraine had caused significant disruption to global energy markets.
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Shell made $9.13bn in the first three months of the year, nearly triple its $3.2bn profit announced for the same period last year.
The firm however said pulling out of Russian oil and gas due to the Ukraine conflict had cost it $3.9bn.
Shell chief executive Ben van Beurden says the war in Ukraine had caused significant disruption to global energy markets.
Information
| Author | Africa Business Radio |
| Organization | Africa Business Radio |
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