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Shell Reports 32% Drop in Q2 Profit Amidst Lower Oil Prices and Chemicals Losses, But Beats Forecasts

Shell’s second-quarter net profit plunged by almost 32% on Thursday, impacted by a drop in oil prices, weaker gas trading results, and losses linked to an outage in its chemicals operations. However, despite these challenges, the oil major exceeded analysts’ expectations with a reported $4.26 billion in adjusted earnings, significantly …

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