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Shell hits record again with $11.5 billion profit in Q2

 Last Update: 2022-08-16
 Source: Internet
 Author: User

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Shell said on Monday, boosted by strong natural gas deals and tripled refining profits, the company posted record results with a second-quarter profit of $15 billion, breaking a record set three months earli.

Higher feedstock and utility costs and higher turnaround activity impacted Shell's chemicals earnings in the second quart.

Chemical sales fell 8% year over year in the quart.

Shell said EBITDA at its Chemicals and Products business rose 68% year-on-year, driven by improved margi.

Disruption in the refined oil market, especially middle distillates, has pushed up margi.

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