Shell smashes expectations with $7.7 bln Q1 profit
STORY: Oil giant Shell comfortably beat expectations in the first quarter.
The London-listed firm reported first-quarter profit of $7.7 billion on Thursday.
It credited strong oil trading and higher refining margins.
CEO Wael Sawan said Shell delivered a strong quarter, while also keeping its focus on delivering more value with less emissions.
Shell's performance outdid rivals.
Last week, Exxon, Chevron and TotalEnergies all reported a drop in profits from a year earlier.
They faced a sharp downturn in natural gas prices.
Shell's chemicals and products divisions was a particularly strong performer.
It saw a more-than-threefold rise in adjusted earnings from the previous quarter to $2.8 billion.
Though Shell said the results were offset by a weaker showing from its liquefied natural gas trading business as sales there dropped 7%.
The company also announced it will repurchase $3.5 billion of its shares over the next three months.
Its stock has gained about 14% this year.
Investors have cheered Sawan's efforts to cut costs and focus the company on its most profitable operations.
相關影片推薦
- 1:48屏東黑鮪魚季人潮爆滿 華僑市場成「違停熱區」華視影音11,804 次觀看・15 小時前
- 2:45一分鐘報天氣 / 週一 (05/20) 下週平日鋒面及西南風影響 務必留意雷陣雨不穩定天氣Yahoo奇摩新聞(報氣象)2,392 次觀看・10 小時前
- 1:58獨家》澎湖爆量機車塞滿加油站 業者:40分鐘才加完東森新聞影音21,567 次觀看・7 小時前
- 2:12澳洲5寶媽攜6.9公斤毒闖台遭逮 親友聲援喊搶救華視影音27,697 次觀看・9 小時前
- 1:53女遭水豚咬傷腿濺血 業者:理賠4.5萬繼續協商華視影音3,084 次觀看・15 小時前
- 1:48詭! 女子90度低頭「呆站不動」目擊民眾:她眼睜好大東森新聞影音110,126 次觀看・3 天前
- 16:23中美貿易戰 美國祭出電動車高關稅反傷自己?陳鳳馨指關鍵在歐盟!【#風向龍鳳配】風向台灣4,584 次觀看・1 天前
- 1:44韓國瑜接見美國慶賀團 談「立院全武行」:世界媒體都在報東森新聞影音12,001 次觀看・6 小時前
- 2:02「律師公會.聯合會挺綠」 藍:成特定政黨打手TVBS新聞網影音1,788 次觀看・6 小時前
- 1:44號稱8千人響應! 柯文哲舉芭樂嗆綠8年跳票TVBS新聞網影音862 次觀看・6 小時前
熱門必看
- 1:03湯唯與孔劉劇照曝光 兩人笑臉盈盈好養眼娛樂星聞47,447 次觀看・5 天前
- 3:01甜點、便當通通只要日幣XXX元! 網友實測LAWSON 100有多好逛Yahoo創作摩人37,631 次觀看・1 週前
- 12:47【不夠善良的我們】大結局解析+討論 照顧情敵的原因?何瑞之到底愛不愛老婆?許瑋甯也太會演了吧!Ki笑人生85,313 次觀看・1 週前
- 12:582024買不起房,都是自己害的?近30年台灣房價都不會下跌,未來房子只會越來越小 ft.游庭皓SHIN LI72,121 次觀看・1 週前
- 9:14【爆球連發】" OS特化扳機 !! " OS-109 獨角獸 開箱測試雷達之星16,159 次觀看・5 天前