-
-
- Live
Shell first quarter profit surges to $7.1 bn on high oil prices
1 min
read
British energy giant Shell on Thursday said its net profit jumped 26 percent in the first quarter as oil prices surged.
Profit after tax leapt to $7.1 billion (6.7 billion euros) compared with a year earlier, but the group also took a $3.9 billion charge on its exit from Russia after Moscow invaded Ukraine.
For the latest headlines, follow our Google News channel online or via the app.
Read more: BP expects to pay up to 1 bln pounds in UK taxes on its 2022 profits
Also Read
-
Shell in talks with Chinese firms to sell stake in Russian gas project
Energy giant Shell is in talks with some Chinese companies to sell its stake in a ...
Energy -
Energy giant Shell to take hit of up to $5 billion on Russia exit
British energy giant Shell warned Thursday that it would take a hit of up to $5 ...
Energy
-
Shell to withdraw from Russian oil and gas over Ukraine invasion
Shell on Tuesday apologized for buying Russian crude oil last week and said it ...
Energy
-
OPEC+ sees bigger 2022 surplus amid slower demand growth: Report
OPEC+ sees a surplus of 1.9 million barrels per day (bpd) in 2022, 600,000 bpd ...
Gulf
-
OPEC+ likely to raise June output by 432,000 bpd at next meet, sources say
OPEC+ is likely to stick to its existing deal and agree another 432,000 barrel per ...
Energy
-
OPEC+ supply gap widens in March as sanctions hit Russian output
OPEC+ produced 1.45 mln barrels per day (bpd) below its production targets in ...
Energy
-
Iraq committed to OPEC+ despite pressure to increase output: Oil minister
Iraq is committed to OPEC+ despite being pressured to increase its oil production ...
Middle East
