Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high
Summary
Energy giant Shell reported a significant jump in its quarterly profit compared to the same period last year. The strong financial performance was driven by a dramatic rise in refining margins, which reached historic highs.
The oil major hiked its share buyback program as geopolitical volatility and a refined products crunch drove energy and fuel prices sharply higher.
Source: Read the full story at US Top News and Analysis
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