business / news / / LBC
Oil giant reported underlying earnings of 6.92 billion US dollars (£5.09 billion) More than double the result in the previous three months and 24% higher on a year ago.
Shell reported underlying earnings of $6.92 billion, surpassing analysts' forecasts for the first quarter.
KEY POINTS
- Shell's chemicals and products division saw earnings more than quadruple to $1.93 billion from $449 million.
- Despite attacks disrupting its Qatar operations, Shell did not take an impairment charge this quarter.
- Shell agreed to a $16.4 billion deal to acquire Canadian energy firm ARC Resources.
COMPANIES
Summarized by Newsio from LBC. How we summarize →