echemi logo
Product
  • Product
  • Supplier
  • Inquiry
    Home > Chemicals Industry > International Chemical > Shell's net profit exceeded $6.7 billion

    Shell's net profit exceeded $6.7 billion

    • Last Update: 2022-11-25
    • Source: Internet
    • Author: User
    Search more information of high quality chemicals, good prices and reliable suppliers, visit www.echemi.com

    Recently, British oil giant Shell released statistics showing that in the third quarter, the company achieved a net profit of $6.
    743 billion, from a loss of $447 million in the same period last year to a profit
    .
    The company said the profit was mainly due to increased
    production of high-quality deep-sea oil in upstream sectors such as exploration and mining.

    In the third quarter, Shell's operating income was US$95.
    749 billion, an increase of 59% year-on-year; Net income, adjusted for inventory assessment and other factors, was $9,454 million, up 1.
    3 times
    year-over-year.
    According to business statistics, the net profit of the gas sector adjusted for inventory assessment and other factors was US$2.
    319 billion, an increase of 26.
    2% year-on-year; The upstream sector such as exploration and mining increased by 2.
    4 times year-on-year; the chemical products sector increased by 62.
    5%
    year-on-year.
    On the other hand, the marketing segment of electric vehicle charging services and lubricants decreased by 25.
    4% year-on-year, the renewable energy solutions segment turned to a profit from a loss of $171 million in the same period last year of $383 million, and the net loss of the corporate operating segment was $571 million, narrowing the loss from $732 million in the previous year
    .

    This article is an English version of an article which is originally in the Chinese language on echemi.com and is provided for information purposes only. This website makes no representation or warranty of any kind, either expressed or implied, as to the accuracy, completeness ownership or reliability of the article or any translations thereof. If you have any concerns or complaints relating to the article, please send an email, providing a detailed description of the concern or complaint, to service@echemi.com. A staff member will contact you within 5 working days. Once verified, infringing content will be removed immediately.

    Contact Us

    The source of this page with content of products and services is from Internet, which doesn't represent ECHEMI's opinion. If you have any queries, please write to service@echemi.com. It will be replied within 5 days.

    Moreover, if you find any instances of plagiarism from the page, please send email to service@echemi.com with relevant evidence.