Shell (NYSE: SHEL) reported on Thursday better-than-expected earnings for the third quarter on the back of strong performance in its gas division which offset weak refining margins in the downstream business. Despite the lower crude prices and weaker refining margins, Shell booked adjusted earnings of $6.0 billion, ahead of the analyst consensus estimate of $5.4 billion, and only slightly below the $6.2-billion earnings for the same period of 2023. Shell warned earlier this month that it expects lower refining margins and a loss in its chemicals…
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