Thursday, 02 November 2023 08:41
Profits fall for Shell but cash flow and LNG sales volumes remain high amid positive forecast for rest of year
UK major Shell reported much reduced third-quarter profits of $6.2 billion, lower than the $9.45Bln of profits returned in the same three months of 2022 as natural gas prices dropped, while quarterly sales of liquefied natural gas were still over 16 million tonnes.
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