Shell Reports $9.8 Billion in Adjusted Earnings as Energy Prices Surge
ONP 요약
Shell's Q2 adjusted earnings rose to $9.8B, more than double last year's figure, as oil and gas prices climbed amid the Iran conflict. The company also announced a $3B share buyback, strengthening its cash position.
진보 성향:War profiteering — progressive outlets highlight Shell's gains as a direct result of Middle East conflict, implying criticism of benefiting from war.
보수 성향:Corporate triumph — conservative outlets focus on Shell's record profit and share buyback, framing it as business success.
Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong trading boosted profits to above analyst expectations.
Shell on Thursday reported adjusted earnings of $9.84 billion for the second quarter, more than double the $4.26 billion for the same period last year, and smashing analyst estimates of $8.8-$8.9 billion.
The higher adjusted earnings reflected a jump in realized oil and gas prices, higher crude, fuel, and LNG trading profits, surging chemicals…
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