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Evening Standard
Evening Standard
Alex Daniel

Shell posts stronger-than-expected profit as gas offsets lower refining margins

Shell’s third-quarter results beat analysts’ expectations on Thursday (Yui Mok/PA) - (PA Wire)

Shell’s earnings comfortably beat market expectations last quarter, as higher volumes at its gas business helped offset a slump in profit margins at its refineries and lower oil prices.

The oil and gas giant said adjusted earnings were 6.03 billion US dollars (£4.64 billion), down 3.1% from 6.22 billion dollars (£4.79 billion) during the same period last year.

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