business / news / / LBC
FTSE 100 firm 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 analyst expectations by $560 million.
KEY POINTS
- Shell's chemicals and products division saw underlying earnings quadruple year-on-year to $1.93 billion.
- Quarterly share buybacks were reduced to $3 billion, causing Shell's shares to fall 2%.
- Shell's Pearl GTL site in Qatar stopped production in March after sustaining missile damage, with repairs expected to take a year.
- Shell's oil and gas production fell 4% quarter-on-quarter, mainly due to Middle East conflict disruptions.
COMPANIES
Summarized by Newsio from LBC. How we summarize →