{"id":65934,"date":"2022-10-27T13:24:48","date_gmt":"2022-10-27T12:24:48","guid":{"rendered":"https:\/\/nationalwire.com.ng\/?p=65934"},"modified":"2022-10-27T13:24:48","modified_gmt":"2022-10-27T12:24:48","slug":"shells-profits-soar-to-8-2billion-in-just-three-months-more-than-double-the-amount-for-the-same-period-last-year","status":"publish","type":"post","link":"https:\/\/nationalwire.com.ng\/sub\/shells-profits-soar-to-8-2billion-in-just-three-months-more-than-double-the-amount-for-the-same-period-last-year\/","title":{"rendered":"Shell’s Profits Soar To \u00a38.2billion In Just Three Months – More Than Double The Amount For The Same Period Last Year"},"content":{"rendered":"

Shell has today announced profits of nearly \u00a38.2bn ($9.5bn) between July and September, more than double what it made during the same period the year before.<\/p>\n

The oil giant continued to benefit from high gas prices, driven by the Russian\u00a0invasion of Ukraine.<\/p>\n

But profits were down compared with what Shell had earned between April and June when it made \u00a39.9bn ($11.5bn), as the price of oil slowly began to fall.<\/p>\n

The war in Ukraine has seen energy prices skyrocket across Europe, contributing to a cost-of-living crisis in the UK, with millions of Britons facing a difficult winter.<\/p>\n

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Announcing the results, chief executive Ben van Beurden said: ‘We are delivering robust results at a time of ongoing volatility in the global energy market.<\/p>

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Shell is now nine months into what promises to be the company’s most profitable year ever, barring an unlikely major collapse in oil and gas prices over the next two months.<\/p>\n<\/div>\n

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The business was already benefiting from a global economy that had reopened after the pandemic and was desperate for energy to fuel its growth.<\/p>\n<\/div>\n

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Then Vladimir Putin waged an unprovoked war in Ukraine in February, pushing European gas prices to all-time highs and the price of oil soared internationally.<\/p>\n<\/div>\n<\/p>","protected":false},"excerpt":{"rendered":"

Shell has today announced profits of nearly \u00a38.2bn ($9.5bn) between July and September, more than double what it made during the same period the year before.<\/p>\n","protected":false},"author":6,"featured_media":23710,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,17],"tags":[1036],"coauthors":[2391],"class_list":["post-65934","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-business","category-news","tag-shell"],"yoast_head":"\nShell's Profits Soar To \u00a38.2billion In Just Three Months - More Than Double The Amount For The Same Period Last Year - National Wire<\/title>\n<meta name=\"description\" content=\"Shell has today announced profits of nearly \u00a38.2bn ($9.5bn) between July and September, more than double what it\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nationalwire.com.ng\/sub\/shells-profits-soar-to-8-2billion-in-just-three-months-more-than-double-the-amount-for-the-same-period-last-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Shell's Profits Soar To \u00a38.2billion In Just Three Months - 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