Energy
Shell suffers major blow as earnings halve in Q2
A drop in the oil giant’s income had been expected, but Thursday’s drop has defied expectations
Shell has seen its adjusted earnings more than halve in the three months to June 2023 compared to the same period the year prior, as the businesses second quarter results fell short of market expectations.
A drop had been expected, but markets failed to forecast just how far earnings would fall.
In a trading update on Thursday, the oil giant said adjusted earnings reached just under $5.1 billion (€4.5 billion) during the quarter, down from ...
