Shell Reports $6.2 Billion Q3 Profit Amid Higher Oil Prices and Refining Margins

Shell Reports $6.2 Billion Q3 Profit Amid Higher Oil Prices and Refining Margins

ByJohn Mahon

Shell Reports $6.2 Billion Profit in Q3 British oil giant Shell has reported a $6.2 billion profit for the third quarter, in line with estimates. The company’s strong financial performance was driven by higher oil prices and refining margins. Earnings Expectations Analysts expected adjusted earnings of $6.48 billion, according to an LSEG-compiled consensus. Year-on-Year Comparison Despite…

BP Reports Steep Fall in Profits, Missing Analyst Estimates in Q3

BP Reports Steep Fall in Profits, Missing Analyst Estimates in Q3

ByJohn Mahon

BP Reports Steep Fall in Profits, Missing Analyst Estimates London-based oil major BP has reported a significant year-on-year decline in profits, failing to meet analyst expectations. Third Quarter Performance In the third quarter, BP recorded an underlying replacement cost profit, used as a proxy for net profit, of $3.293 billion. This marks a decrease from…

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