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Old 07-30-23, 07:36 AM   #363
Jimbuna
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Shell has revealed a big fall in the second quarter of its financial year, largely due to energy prices plunging from their Russia-Ukraine war peak.

The oil and gas major reported net profits of just over $5bn (£3.9bn) for the three months to the end of June.

The figure represents a drop of more than 50% on the $11.5bn achieved in the same period last year and fell short of analysts' estimates.

It was also well down on the $9.65bn sum the company raked in during the first three months of the year.

Shell said it was, nevertheless, rewarding shareholders with a further share buyback and hike to its dividend.
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