ShippingWatch

Shell benefits from oil recovery

Oil major Shell dials up its dividend after revenue almost doubled and the adjusted result soared in the second quarter.

Photo: Toby Melville/REUTERS / X90004

British-Dutch oil major Shell benefits from markedly higher oil prices than seen in 2020.

This is clear in the firm's second-quarter financial report, in which revenue is almost doubled compared to the same period last year. The item now comes to USD 60.5 billion against USD 32.5 billion.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Reefer rates to peak in fall season, followed by slow decline

Rates on refrigerated containers, or reefers, have increased by 50% in the second quarter compared to the same period in 2021, with growth set to continue in the third quarter. 2023, however, will see rates slowly declining, forecasts consultancy Drewry.

Further reading

Related articles

Latest news

See all jobs