British oil giant Shell on Thursday posted stronger-than-anticipated first-quarter profit, extending a record run of bumper results.
a drop in first-quarter profit but beat analyst expectations on robust oil and gas trading. Shares of BP fell on the news, however, as the London-listed company said it planned to slim down its share buybacks.in 2022 during a period of volatile oil and gas prices in the wake of Russia's full-scale invasion of Ukraine.adjusted earnings of $39.9 billion for the full-year 2022. That comfortably surpassed the $28.
Big Oil executives have typically sought to defend their bumper profits amid a barrage of criticism, tending to highlight the importance of energy security in the transition away from fossil fuels and suggesting higher taxes could deter investment.This is breaking news. Please check back for updates.
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