Shell, Iran
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The oil giant’s earnings in the first three months of the year were more than double the previous quarter’s and follow similarly strong results of European rivals.
Shell's integrated gas and upstream segments showed resilience with increased earnings, benefiting from higher commodity prices, while navigating market volatility.
Shell's first-quarter adjusted earnings, its definition of net profit, rose to $6.92 billion, the company said on Thursday, beating an analyst consensus of $6.36 billion in a company-provided poll and up from $5.
The conflict damaged Shell's own infrastructure, but it sent energy prices soaring and put Shell squarely in the middle of the windfall. The numbers first: Shell booked profits of $6.92 billion, beating a company-provided analyst consensus of $6.
Shell's underlying earnings in its first quarter grew to $6.92billion - double the sum achieved in the previous quarter.
Earnings more than doubled—helped by oil trading and higher prices—but the energy major warned of lower production, and lowered its buyback from the previous quarter.
Worley is EPC contractor on 200-MW capacity plant, ensuring high-pressure systems and chemical handling facilities using potassium hydroxide electrolytes meet safety standards.
Shell is making its biggest acquisition in a decade.