menu
techminis

A naukri.com initiative

google-web-stories
Home

>

Funding News

>

Shell Says...
source image

Bloomberg Quint

1w

read

324

img
dot

Image Credit: Bloomberg Quint

Shell Says Weak Oil And Gas Trade Hit Second Quarter Profit

  • Shell Plc reported that its second-quarter results will be negatively impacted by weaker contributions from its oil and gas trading operation.
  • The company's trading and optimization contributions for the second quarter are expected to be 'significantly lower' compared to the first quarter.
  • Shell's shares fell following the update, with its in-house trading business being a major profit booster for the company.
  • Despite challenges in trading, Shell has focused on cost-cutting and asset optimization to enhance shareholder returns and maintain competitiveness.

Read Full Article

like

19 Likes

For uninterrupted reading, download the app