UK-based major Shell reports better than expected earnings despite lower prices and decline in LNG sales
UK-based major Shell reported better-than-expected earnings to start 2024 despite lower prices and a decline in LNG sales as the natural gas, oil and chemicals trading units all performed well.
Shell posts drop in profits with impairment charges and price declines but LNG sales rise to 67 million tonnes
Shell reported a drop in fourth-quarter and annual profits as oil and gas prices declined from last year while the UK major’s LNG sales increased to over 67 million tonnes for the year.
Shell reports drop in earnings on lower prices and trading profits while LNG sales stay above 16 million tonnes
The largest European energy major Shell posted a 47 percent drop in overall quarterly profits, reflecting lower LNG trading and optimisation results and a drop in oil and gas prices as well as refining margins.
Shell reports higher than expected profits underpinned by almost 17 million tonnes of LNG sales
UK major Shell plc reported an increase in net profits for the first three months of the year as liquefied natural gas sales volumes rose by 6 percent on the previous quarter, though were slightly less than the same quarter of 2022.
Shell's profits surge amid 12 percent rise in LNG sales and details Russian market exit measures and costs
Shell reported an almost three-fold jump in earnings to $9.1 billion compared with $3.2Bln in the same three months of 2021 as quarterly LNG sales increased along with oil and refined product prices.
Shell reports big profits from new London base boosted by asset sales and amid drop in LNG deliveries
Shell plc, the now UK-based oil and gas major and leading liquefied natural supplier, reported fourth-quarter income of $11.5 billion compared with $4Bln of losses a year ago, while annual LNG sales dropped by 11 percent.
Shexit as LNG leader Royal Dutch Shell to exit EU for solely London HQ and drops ‘Royal Dutch’ from name
Royal Dutch Shell, the leading liquefied natural gas trader with nine-month cargo sales in 2021 of around 48 million tonnes, plans to move its corporate headquarters to London from the Netherlands capital The Hague and will drop the words “Royal Dutch” from its name while escaping the European Union.
Shell LNG sales drop along with quarterly profits amid record cash flow and accounting losses for hedging
Royal Dutch Shell reported overall third-quarter profits down 25 percent from the previous quarter as the natural gas division posted a loss blamed on accounting provisions for hedging while liquefied natural gas sales for the year to date plunged 13 percent.
Shell reports decline in LNG sales and in overall earnings in lethargic recovery from 2020 oil price crash
Royal Dutch Shell reported a drop in second-quarter liquefied natural gas sales as overall earnings also declined from the first three months of 2021 amid healthy cash flows. The performance was one of recovery from the massive losses posted in 2020 because of write-downs in assets.
Shell posts $21.6Bln loss with write-downs as LNG sales drop and negative outlook is issued for 2021
Royal Dutch Shell earnings were sunk by impairment charges as it posted a $21.68 billion annual lost compared with a profit of $15.84Bln in 2019, while LNG sales dropped 16 percent in the quarter and cash flow from LNG and gas sales plunged by 44 percent.
