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#CorporateEarnings
Euronews English @euronews.com Β· Lyon πŸ‡«πŸ‡· Β· 21h

Shell plc reported stronger-than-expected first-quarter earnings of $6.9 billion, attributed to rising oil and gas prices amid the Iran conflict, which boosted trading profits and offset production declines, while also announcing a 5% dividend increase and a $3 billion share buyback program. #EnergySector #OilPrices #CorporateEarnings #IR #QA #AU #CA #GB #US

www.euronews.com
Shell profits surge as Iran war drives oil prices higher
Shell plc posted stronger-than-expected first-quarter earnings as the Iran war drove up oil and gas prices and boosted trading profits, offsetting conflict-related declines in production.
The New York Times @nytimes.com Β· New York City πŸ‡ΊπŸ‡Έ Β· 22h

Shell reported a record adjusted profit of $6.92 billion in Q1, driven by skyrocketing oil prices due to the U.S.-Israel conflict with Iran, reflecting a broader trend of increased earnings among European oil giants amid significant disruptions in global energy markets. #OilMarket #EnergyPrices #CorporateEarnings #US #IL #IR #GB #FR #RU #UA

www.nytimes.com
Shell Reports Nearly $7 Billion Profit Amid 'Unprecedented Disruption'
The oil giant's earnings in the first three months of the year were more than double the previous quarter's and follow similarly strong results of European rivals.