businessSource: CNBCPublished
Shell's Profit Surges Amid War-Driven Energy Prices
business · CNBCShell's second-quarter earnings exceeded expectations due to rising oil and gas prices, driven by the Middle East conflict. The company's adjusted earnings reached $9.84 billion, its best quarterly result in four years. Shell's CEO attributed the success to the company's operational performance and trading strategy.
At a glance
- Shell reported adjusted earnings of $9.84 billion, beating analyst expectations.
- The company's profit surge was driven by wartime fossil fuel prices.
- Shell's CEO credited the company's operational performance and trading strategy for the success.