Product
Supplier
Encyclopedia
Inquiry
Home > News > Company News > Shell's net profit exceeded 6.7 billion US dollars

Shell's net profit exceeded 6.7 billion US dollars

ECHEMI 2022-11-08

Recently, the statistics released by British oil giant Shell showed that in the third quarter, the company achieved a net profit of 6.743 billion US dollars, turning into profit from a loss of 447 million US dollars in the same period last year. The company said that the profit was mainly due to the increase of deep-sea high-quality oil production in upstream sectors such as exploration and mining.

 

In the third quarter, Shell's operating income was USD 95.749 billion, up 59% year on year; The net profit after deducting inventory evaluation and other factors was 9.454 billion US dollars, up 1.3 times year on year. According to business statistics, the net profit of the gas department after deducting inventory evaluation and other factors was 2.319 billion US dollars, up 26.2% year on year; Upstream departments such as exploration and mining increased by 2.4 times on a year-on-year basis; The chemical products sector grew 62.5% year on year. On the other hand, the marketing departments such as electric vehicle charging service and lubricating oil decreased by 25.4% year on year, while the renewable energy solutions department was $383 million, turning into profit from a loss of $171 million in the same period last year. The net loss of the enterprise operation department was $571 million, narrowing from the loss of $732 million in the previous year.

Disclaimer: ECHEMI reserves the right of final explanation and revision for all the information.

Looking for chemical products? Let suppliers reach out to you!

Comment
Comment

Trade Alert

Delivering the latest product trends and industry news straight to your inbox.
(We'll never share your email address with a third-party.)

Scan the QR Code to Share

Feedback & Suggestions
Send Message

Thank you for your feedback. If you require further assistance, please contact us by email at info@echemi.com or call us at +86-532-55729510.