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Shell suffers major blow as earnings halve in Q2

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A drop in the oil giant’s income had been expected, but Thursday’s drop has defied expectations

Shell has seen its adjusted earnings more than halve in the three months to June 2023 compared to the same period the year prior, as the businesses second quarter

results fell short of market expectations.In a trading update on Thursday, the oil giant said adjusted earnings reached just under $5.1 billion during the quarter, down from ...

 

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Shell suffers major blow as earnings halve in Q2A drop in the oil giant’s income had been expected, but Thursday’s drop has defied expectations
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