• Home
  • Shell sees ‘robust’ profits
Shell disclosed on Thursday that the income attributable to its shareholders in the third quarter of 2022 totalled $6.7 billion compared to $18 billion in the second quarter of 2022. The decrease in income is attributable to lower LNG trading and optimisation results, lower chemicals and refining margins, as well as higher underlying operating expenses, partly offset by increased volumes from higher-value barrels in deep water. We can also infer that profits and production decreased in the third quarter due to the derecognition of Salym in Russia and unscheduled deferments.

Shell sees ‘robust’ profits

Shell disclosed on Thursday that the income attributable to its shareholders in the third quarter of 2022 totalled $6.7 billion compared to $18 billion in the second quarter of 2022. The decrease in income is attributable to lower LNG trading and optimisation results, lower chemicals and refining margins, as well as higher underlying operating expenses, partly offset by increased volumes from higher-value barrels in deep water. We can also infer that profits and production decreased in the third quarter due to the derecognition of Salym in Russia and unscheduled deferments.

Issue:
Country:
Subscribe to Receive Latest Updates from GIF.