Shell makes nearly €1.6 billion more than expected in first three months of 2023

Shell said that its adjusted earnings had risen compared to the same quarter a year earlier, reaching $9.6 billion dollars (€8.6 billion).

OIL GIANT SHELL made nearly $1.7 billion more in profit than experts had expected in the first three months of the year, the company said today.Shell said that its adjusted earnings had risen by 5.7% compared to the same quarter a year earlier, reaching $9.6 billion dollars .

In the first quarter of 2023, Shell generated strong results, navigating a volatile market with discipline and strength. The company said that it had decreased production slightly compared to a year ago, to 2.9 million barrels of oil equivalent per day. Revenue rose 3.3% to just under $87 billion . On completion, the company will have distributed around $12 billion to its shareholders in the first six months of 2023.

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