Shell and TotalEnergies profits cut in half by lower oil prices | CNN Business

  • 📰 CNN
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 95%

Österreich Nachrichten Nachrichten

Österreich Neuesten Nachrichten,Österreich Schlagzeilen

Shell has reported a 56% drop in second-quarter profit

Shell and TotalEnergies have reported a steep drop in second-quarter profits, as oil and gas prices fell from record highs reached following Russia’s full-scale invasion of Ukraine 17 months ago. The sharp decline in earnings from two of the world’s biggest oil companies signals the end of a run of record-setting results for energy companies. Shell, Europe’s largest oil company by revenue, reported adjusted earnings of $5.1 billion during the April-to-June period — less than half the $11.

The company increased its quarterly dividend by 15% to 33 cents per share. Shell added that, subject to board approval, it would distribute “at least” another $2.5 billion via share buybacks following its third quarter results. That’s down from $4 billion for the third quarter of last year. “Shell delivered strong operational performance and cash flows in the second quarter, despite a lower commodity price environment,” CEO Wael Sawan said.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 4. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Shell profits cut in half by lower oil prices | CNN BusinessShell has reported a 56% drop in second-quarter profit, as oil and gas prices fell from record highs reached following Russia’s full-scale invasion of Ukraine 17 months ago.
Herkunft: cnni - 🏆 326. / 59 Weiterlesen »

Apple faces $1 billion UK lawsuit by app developers over App Store fees | CNN BusinessMore than 1,500 app developers in the United Kingdom brought a £785 million ($1 billion) class action lawsuit against Apple Tuesday over its App Store fees.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

TikTok brings in text posts to rival Elon Musk's X | CNN BusinessTikTok will now allow users to post text-only content for the first time in a challenge to Elon Musk’s beleaguered X, formerly known as Twitter.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

GM earnings soar | CNN BusinessGeneral Motors reported its second-quarter earnings surged 59%, and the company raised its full-year profit outlook.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »

Home prices stayed strong in May | CNN BusinessHome prices rose in May for the fourth consecutive month, according to the latest S&P CoreLogic Case-Shiller US National Home Price Index released Tuesday.
Herkunft: CNN - 🏆 4. / 95 Weiterlesen »