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Shell Profits Soar as Mideast Crisis Drives Oil Prices Higher

The Wall Street Journal Read original source (opens in a new tab)
The Story

News Summary

  • Shell's Q2 earnings more than doubled to $9.84B, beating estimates, driven by Middle East conflict disrupting Strait of Hormuz supply and record refining margins.
  • Company maintained $3B buyback despite losing 10% production in Qatar.
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