STRESSEconomicGlobal
Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Published:
News summary
Shell nearly doubled its quarterly profit year-on-year to $10.81 billion and saw record refining margins, the oil major said Thursday, as geopolitical turmoil drives up crude prices and creates a fuel squeeze.
- Importance
- Critical · 97/100
- Impact direction
- Uncertain