Shell's bumper earnings follow soaring profits across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.
Shell's results follow soaring profits seen across the oil and gas industry, even as many energy majors incur costly write-downs from exiting Russia.
U.K. rival BP on Tuesday announced plans to boost share buybacks after first-quarter net profit jumped to its highest level in more than a decade. Shell reported a sharp upswing in full-year profit in 2021 on rebounding oil and gas prices, with CEO Ben van Beurden hailing it as a "momentous year" for the company.Ben Stansall | Afp | Getty Imageson Thursday reported bumper first-quarter profits on the back of soaring commodity prices, fueling calls for a one-off windfall tax on oil and gas companies to help U.K. households with spiraling energy bills.
Shell posted adjusted earnings of $9.1 billion for the three months through to the end of March. That compared with
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Oil prices surge as EU proposes plan to phase out Russian oil within six monthsCrude prices are getting a boost as a much anticipated plan for an embargo on Russian oil was announced by the European Union on Wednesday.
Weiterlesen »
Letters to the Editor — Max Glauben, Joe Jaworski, Russia’s goals, elections, the oil marketRe: “A survivor’s enduring hope — Witness to Nazi horrors championed Holocaust museum,” Friday news obituary. I was saddened to read of the passing of Max...
Weiterlesen »
New EU sanctions to hit Russian oil, target more banksThe European Union will slap new sanctions on Russia for waging war against Ukraine, targeting Moscow's oil industry, more Russian banks and those responsible for disinformation, the EU's top diplomat said on Tuesday.
Weiterlesen »
WTI Crude Oil Forecast: Slamming Around in TriangleThe West Texas Intermediate Crude Oil market fell initially on Monday to reach down to the 50-day EMA.
Weiterlesen »