Shell Sees Highest Profits Since 2008  ...Middle East

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Shell Sees Highest Profits Since 2008 
source : OILPRICE ( Middle East ) () 14
Shell Plc (NYSE: SHEL) is raising its quarterly dividend after posting its highest profit since 2008, tripled from the first quarter of 2021, on the back of surging oil and gas prices.  Shell reported on Thursday adjusted earnings of $9.1 billion for the first quarter of 2022, up from $3.1 billion for the same period last year and from $6.4 billion for Q4 2021, and also above the analyst consensus of $8.7 billion provided by the firm before the results release.  After the Q1 announcement, shares in Shell jumped by 3% in London trading…

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