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Shell chemicals unit profits weaken

 Last Update: 2022-01-21
 Source: Internet
 Author: User

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Sinochem News, January 7, Shell said profits at its chemical division are expected to weaken in the final three months of 2021 as margins in bulk chemicals continue to fall, the profitability of the division and joint ventures.

The company said its chemical margins and joint venture earnings are expected to be significantly lower than in the third quarter of 2021 due to lower margins in base chemicals

For the oil and gas business, Shell said the outlook for the company's consolidated natural gas earnings is bright

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