Shell PLC Announces Stronger Q3 Refining Margins and Increased Integrated Gas Production
SHEL Shell Plc ADR
$97.62 +1.14%
View chart & analysis → - 1Shell PLC stated that refining margins strengthened significantly in Q3 and integrated gas production increased following the acquisition of ARC Resources.
- 2Shell's benchmark refining margin of $42 per barrel is expected to rise from $24 per barrel in Q2.
- 3Shell's projected benchmark chemical margin of $208 per tonne is expected to fall from the previous benchmark chemical margin of $270 per tonne.
So what's the key point?
Shell PLC announced that profits from refining oil have increased and gas production has also grown. While refining margins rose to $42 per barrel, chemical margins are expected to decrease.
Source Investing.com +1 · View original ↗
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