78 Days
Source:
الاقتصادية
Shil reports four-year profit high amid oil price rise
Royal Dutch Shell achieved an adjusted profit of $9.8 billion in the second quarter of 2026, the highest level in four years, benefiting from rising oil and gas prices due to escalating conflicts in the Middle East, especially following increased tensions between Iran and the United States. The results surpassed analysts' expectations of $8.79 billion. Geopolitical disturbances led to higher prices, boosting profits primarily in the upstream and chemicals segments. Shell also announced a $16.4 billion acquisition of the Canadian company "Arc Resources" and continued restructuring its portfolio through asset sales, with plans to increase growth through 2030, while reducing its debt to $41.8 billion. Despite market volatility, the company delivered strong results and continues to mitigate risks by distributing cash flows and planning further investments and capital expenditures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)