Shell swings to a net profit in Q3
The company’s adjusted earnings climbed to $2.8 billion from $2.4 billion last year, beating analysts’ expectations which called for a $1.8 billion profit in a survey conducted by Dow Jones.
However, Shell is taking a cautious stance due to the rapid declines in oil prices for the last two years.
Shell’s Chief Executive Ben van Beurden said, “Lower oil prices continue to be a significant challenge across the business, and the outlook remains uncertain.”
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