Shell's profit drops by almost a third on lower oil prices, but beats expectations

Shell Defies Expectations With Strong Q2 Earnings

Shell (NYSE: SHEL) posted better-than-expected earnings for the second quarter, as reduced expenses and higher marketing margins partly offset lower oil and gas prices and weaker trading results. Shell on Thursday reported adjusted earnings of $4.26 billion for the second quarter, down by 24% from the first quarter and down 32% from a year earlier. Still, the earnings beat the analyst consensus estimate of about $3.7 billion.   Following the res…

Shell profits fall as trading hit by volatile markets

But profits in the second quarter were ahead of analyst expectations.

Shell's profit drops by almost a third on lower oil prices, but beats expectations

Shell's second-quarter net profit tumbled by almost a third on Thursday, dragged down by a drop in oil prices, lower gas trading results and outage-related losses from its chemicals operations, but it still easily beat analysts' forecasts.

Oil giant Shell posts profit beat, keeps share buyback pace steady at $3.5 billion

Shell’s second-quarter results come after the energy major announced plans to prioritize shareholder returns and ramp up the cost of savings.

Shell Profit Falls as Its Traders Struggle With Volatility

Shell Plc second-quarter profit slumped 32% as prices retreated and its oil and gas traders struggled to navigate wild market swings driven by unpredictable newsflow.