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IS - Shell sees 42% rise in upstream but profits of $3B down YOY - August 2019
Shell reported current cost of supply earnings in Q2 of $3 billion, down 42% YOY, and $92 billion in revenue, off 7% from a year ago as Europe’s largest energy company realized lower oil, gas and LNG prices. Weaker chemical and refining margins and higher provisions also befell Shell in Q2. At $1.73 billion, Integrated Gas, Shell’s largest business segment, brought in 25% less income than a year ago because of slightly lower production,......
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