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Tag Archives: Shell

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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How do US dollar, oil price react to current Red Sea tensions?

The United States launched Operation Prosperity Guardian, a multilateral naval operation involving the United Kingdom, Canada, France, Bahrain, Norway, and Spain. Oil tycoon BP has temporarily stopped shipping any crude along the route; rival energy tycoon Shell has not yet responded.Oil PricesAttacks on commercial ships in the Red Sea have …

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Shell ADR Earnings, Revenue Beat in Q2

Oil and Gas oil (

Shell ADR reported on Thursday’s second-quarter earnings that beat analysts’ forecasts and revenue that topped expectations. Shell ADR announced earnings per share of $3.06 on revenue of $100.06B. Shell ADR shares are up 18.48% from the beginning of the year, still down 16.63% from its 52 week high of $61.67 …

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