The oil giant shell beats expectations despite a sharp drop in profit

Britain Shell On Thursday, it was reported higher than expected, the profits in the second quarter and maintained the rate of profit of shareholders, despite the impact of reducing world oil and gas prices.

According to a LSEG consensus, a consensus, an energy giant, has adjusted $ 4.26 billion in profit for June, beating analysts at $ 3.87 billion.

A separate forecast of analysts provided by the company expected that shell revenue would come at $ 3.74 billion.

Shell reported the adjusted profit 6.29 billion dollars For the same period last year and 5.58 billion dollars In the first three months of 2025.

The results come shortly after the firm listed by London named The weaker results of trade in its integrated gas department and loss in its chemicals and products.

Shell also announced another $ 3.5 billion in stock ransoms over the next three months, keeping the shareholder profit. This means 15 billion in a quarter in a row.

“Von Macros was difficult and I would say we are continuing the impetus we have in the Shell conversion,” said the CEO of Walesa Sevan, “CNBC said” CNBC “Squawk Box Europe‘Thursday.

“All measures (I) are satisfied with this performance. And on the trading part, despite the complex macro, satisfied with the team,” said Svong.

Shell shares increased by 2.5% at about 9am in London (4am).

In March Shell announced Plans to put priorities for the profitability of shareholders, increase the cost of savings and double the eliminated natural gas (SPG). The strategic update has been designed to strengthen its commitment to creating value while maintaining “performance, discipline and simplification”.

This plan seems to have been well received by investors. This year, the Shell stock price has exceeded many of its European and American competitors, reaching 8%. For comparison, UK PP grew by 3%, France Total energy will decrease by 2% and Exxon Mobil During the same period increased by 4%.

Notable that shell recently rejected speculation About the possible application for BP absorption, saying that in late June it “does not intend” to make an offer for its fight against the home competitor.

Asked about the prospect of acquisitions and does it mean that the current state of the game is better for oil companies, the savannah replied: “I don’t buy more. I think you should manage it in terms of value.”

Shell CEO said the scale is not concerned about the largest trader of the liquidated natural gas (SPG).

“This is how we can use this scale by focusing on the fields where we have competitive strengths and areas where it can create value,” he said.

Shell’s Sawan repetitive His comments from the beginning of the year when asking about the prospect of moving its list from London to New York, saying it was not a discussion.

“The part of the reason is actually we exceeded. We were able to just follow our own story, just agree on what we say.

“We feel more confident that our message goes into the capital pools that want to invest in this differentiated dissertation we have,” he added.