Oil giant Shell beats expectations despite sharp drop in profit

Britain Shell On Thursday, he reported his second quarter profit better than expected in the midst of global oil and gas prices.

The energy giant, LSEG compiled an agreement, earned $ 4.26 billion for three months until June and defeated the analyst’s expectations of $ 3.87 billion.

A separate, an analyst estimate provided by the company, waited for Shell’s second quarter profit to arrive at $ 3.74 billion.

Shell reported 6.29 billion dollars in the same period of the previous year and $ 5.58 billion in the first three months of 2025.

The results come shortly after the company listed in London, in the integrated gas section and in the loss of chemical and product branches.

Shell has also announced more of $ 3.5 billion -dollar stock reputations in the next three months and marked the 15th quarter of at least $ 3 billion repayment.

Meanwhile, the company’s net debt was 43.2 billion dollars from $ 41.5 billion on a three -month basis at the end of the second quarter.

Shell in March announced It plans to give priority to shareholder returns, to increase savings cost and to double the liquefied natural gas (LNG) push. Strategic update is designed to support the commitment to create value when focusing on “performance, discipline and simplification”.

The plan seems to be well received by investors. Shell’s stock price has performed better than most of the European and US competitors this year and earned 8%. Compared to England BP Increased by 3 %, France Totalenenergies 2 % fell and Exxon Mobile 4% increases in the same period.

In particular, Shell has recently rejected speculation about a possible transfer proposal for BP, and in the late June, he had no intention of making an offer for his local competitor, “he said.

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