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Shell: profit jumps 26% in the first quarter with soaring prices

2022-05-05T06:38:19.859Z


British oil giant Shell on Thursday unveiled group share net profit up 26% to $7.1 billion in the first...


The British oil giant Shell announced Thursday a net profit group share up 26% to 7.1 billion dollars in the first quarter, thanks to soaring hydrocarbon prices.

The result, however, suffered from an after-tax charge of 3.9 billion dollars linked to the gradual withdrawal of oil and gas activities in Russia, much lower, however, than that incurred by its rival BP.

BP's quarterly revenue also rose 51% to $84.2 billion.

Source: lefigaro

All business articles on 2022-05-05

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