Shell Defies Expectations With Strong Q2 Earnings ...Middle East

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Shell Defies Expectations With Strong Q2 Earnings
source : OILPRICE ( Middle East ) () 50
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 results release, Shell’s shares popped 3% at the start of trade in London on Thursday. …

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