News Formal

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%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

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.

 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки
Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 4. in RU

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

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.
Источник: cnni - 🏆 326. / 59 Прочитайте больше »

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.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »

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.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »

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

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.
Источник: CNN - 🏆 4. / 95 Прочитайте больше »