Shell Stock News
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Amsterdam, Nov 04, 05:39 pm CET.
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Shell Stock News
Shell agrees to sell North West Shelf interest to ADNOC's XRG for $1.45 billion
Trump criticized ExxonMobil and Chevron in August for making “too much money” amid tight fuel supplies. Shell, BP, TotalEnergies, ExxonMobil and Chevron have since reported sharply higher refining or downstream earnings.
Shell said on Thursday that soaring freight rates have added $5.4 billion to its shipping lease costs in the third quarter compared with the previous three months, feeding its net debt, while TotalEnergies sees them cut into the prices it gets for its liquid fuels.
London's blue-chip index rose on Thursday, supported by gains in the energy sector, while investors awaited crucial inflation data in the US to gauge the Federal Reserve's monetary policy.
The British energy major saw third quarter earnings double and cash flow increase, leading it to hike its share buyback.
Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Shell on Thursday announced above-expectation net profit of $10.
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