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Shell Earnings Top $5 Billion in Q2

July 27, 2023

Shell reported July 27 that it earned nearly $5.1 billion in the second quarter, nearly half what the oil and natural gas giant pulled in during the first three months of the year as energy prices have plunged.

The British energy company said its adjusted earnings followed lower oil and gas prices, production and trading. The figure was down from $11.5 billion in the same period a year ago and $9.6 billion in the first quarter.

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