Western refineries report record profits amid a global diesel shortage expected to persist until 2027 per the IEA. Major firms like TotalEnergies and Shell capitalize on high margins while supply cons
Shell's chemical segment returned to profitability in Q2 with adjusted profits of $354 million, reversing seven quarters of losses. The turnaround was driven by a doubling of global chemical reference
Shell doubled its Q2 profit to $9.84bn as oil and gas prices surged due to Middle East conflict. Meanwhile, a strike at its Qatar LNG plant cut production by 30%, sparking environmental calls for wind
Shell reported adjusted earnings of $9.84 billion in Q2, more than doubling year-over-year profits driven by higher oil and gas prices and improved chemicals margins.
Shell reported a $9.8 billion second-quarter profit, doubling year-over-year earnings driven by robust oil trading and refining margins amid Middle East conflict. The surge reflects heightened global
Shell's Q2 chemical reference margin rose to $240/ton from $139, though operating rates fell to 80%-84%. Management assesses potential unit closures after seven quarters of losses before releasing ful
Shell reported a surge in its global chemical margin to $240 per metric ton in Q2 2026, despite falling plant utilization. Gas output also dropped 30% due to Middle East conflicts, though LNG profits
Shell shareholders approved higher executive bonus caps, raising CEO long-term awards to 900% of salary and aligning pay with US rivals.
Shell reported first-quarter adjusted earnings of $6.92 billion, surpassing analyst expectations, while reducing its quarterly share buyback program to $3 billion from $3.5 billion.
ChemBrief