Shell Crushes Expectations with $7.7 Billion First Quarter Profit, Outperforming Oil Giants like Exxon and Chevron
Radstock, England – Oil giant Shell reported stronger-than-expected first-quarter profits on Thursday, attributing the growth to higher refining margins and robust oil trading. The company’s adjusted earnings of $7.7 billion exceeded analyst expectations of $6.5 billion for the first three months of the year, according to an LSEG-compiled consensus. Despite the positive results, Shell’s first-quarter profit saw a decline of roughly 20% compared to the same period a year earlier, aligning with a broader trend …