Shell Stock Rises After Solid Earnings. It Sees a Rise in Oil Production.

📆 02/11/2023 11:04:00

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The energy company reported earnings of $6.2 billion for the third quarter, up from $5.1 billion in the previous three months. It also said it would buy back...

📆 02/11/2023 11:04:00
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Oil major Shell posted solid third-quarter results, increasing profits and launching a new share buyback program. The stock is advancing.

Oil and gas companies are coming off a record year for profits in 2022, when Russia’s invasion of Ukraine pushed up crude prices. Oil costs are well below those highs now, but producers are still highly profitable.

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