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Commodities

Shell's Earnings Surge on Higher Oil Prices, Strong Trading

Guavy AI Editorial Team
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Oil Natural Gas
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Shell's second-quarter adjusted earnings more than doubled to US$9.84 billion as higher oil and gas prices, strong trading, and record refinery utilization boosted the energy giant's results.

The company attributed the increase to higher realized oil and gas prices, stronger crude oil, fuel, and liquefied natural gas trading results, improved chemical margins, and refinery performance.

Refinery utilization reached 102% during the April-to-June quarter, compared with 99% during the first three months of the year.

Shell generated US$17.5 billion in free cash flow, up sharply from US$6.5 billion during the second quarter of 2025.

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