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British oil giant Shell reported a jump in first quarter profit to $6.92 billion.
Shell's Q1 profit rose to $6.92 billion, its highest since 2021, surpassing expectations.
KEY POINTS
- Shell's exceptional oil trading and refinery operations were key contributors to its profit surge.
- U.S. oil majors Exxon and Chevron saw profits drop despite higher global oil prices due to delivery timing.
- BP and Norway's Equinor also posted unexpectedly strong Q1 profits, with BP's profit up 140% year-on-year.
COMPANIES
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