Shell’s Earnings Plunge On Lower Oil And Gas Prices  

Shell’s Earnings Plunge On Lower Oil And Gas Prices  

OilPrice.com

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Shell’s (NYSE: SHEL) second-quarter adjusted earnings nearly halved from the first quarter and fell by more than 50% from the record profits for the same period last year. The company missed analyst forecasts as lower oil and gas prices, refining margins, and LNG trading impacted the supermajor’s performance in Q2.    Shell’s adjusted earnings, the metric most closely watched by analysts, slipped to $5.1 billion for the second quarter, down from $9.6 billion profits for the first quarter and from the $11.472 billion…

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