Shell profits drop as oil and gas prices fall

Published

12 minutes ago

Fossil substance elephantine Shell has said profits person fallen to $5bn (£3.9bn) successful the 2nd 3 months of the twelvemonth arsenic lipid and state prices fall.

Energy firms had been making grounds profits aft Russia's penetration of Ukraine pushed up lipid and state prices.

But wholesale prices person been falling from post-invasion peaks.

The steadfast said it had besides been selling little substance and making little profits connected refining.

More connected this story

• British Gas proprietor warns vigor bills to enactment high

  Published

  30 June

• What is the vigor headdress and what's happening to bills?

  Published

  1 July