Reported about 6 hours ago
Shell announced a substantial drop in its refining profit margins for the third quarter, falling nearly 30% from the prior quarter due to reduced global demand and a weakening in oil product trading earnings. The company indicated that its refining margins were $5.5 a barrel, down from $7.7, amid challenges from slowing economic activity, particularly in China. Despite this decline, Shell raised its LNG and upstream oil production forecasts.
Source: YAHOO