Shell beats expectations with $9.6 billion in first-quarter profit


Shell reported adjusted earnings of $39.9 billion for the full-year 2022.

Sopa Images | Lightrocket | Getty Images

LONDON — British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results after commodity prices surged in 2022 following Russia’s full-scale invasion of Ukraine.

Shell reported adjusted earnings of $9.6 billion for the first three months of the year, comfortably beating analyst expectations of $8.6 billion, according to Refinitiv.

The company posted adjusted earnings of $9.1 billion over the same period a year earlier and $9.8 billion for the final three months of 2022.

Shares of the oil major rose 2.2% during…

Source cnbc.com

0 0 votes
Article Rating

Budweiser-owner AB InBev reports profit hike as beer drinkers shoulder higher prices

Previous article

Volkswagen posts drop in first-quarter profit on weaker China sales

Next article

You may also like

Notify of
Inline Feedbacks
View all comments

More in Earnings