Shell SHEL 0.74%▲ PLC reported a second consecutive record quarterly profit as the oil major benefited from soaring global energy prices and a continued rebound in the global economy.
The London-based company said Thursday that strong demand and higher prices had allowed it to reverse $4.3 billion in impairments it took early in the Covid-19 pandemic. It also said that strong fuel-refining earnings had added more than $1 billion in profit in the second quarter.
