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Shell Sees Significant Boost to Fourth-Quarter Gas Trading

From bnnbloomberg.ca

Shell Plc said earnings from gas trading would be significantly higher in the fourth quarter, but profits from buying and selling oil products and chemicals will be lower. The London-based major said it benefited from seasonal shifts in the gas market and higher production of liquefied form of the fuel, which has been a key driver of profits. Shell expects its chemicals and oil products division to make a loss for the period, according to a trading update on Monday. Shell’s earnings met expectations in the prior quarter, in what was a mixed results season for oil majors. The company accelerated the pace of buybacks ... (full story)

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  • Category: Fundamental Analysis