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Bloomberg

Shell Had Record Utilization in Refining Business, CEO Sawan Says

Thursday, July 30, 2026


Shell Chief Executive Officer Wael Sawan said the company achieved record utilization in its refining business, the first time in over a decade the company reached that level. Adjusted net income rose to $9.8 billion, according to Bloomberg Television reporting. Sawan stated the company is built to handle volatility.

Original reporting: https://www.bloomberg.com/news/videos/2026-07-30/shell-had-record-utilization-in-refining-business-ceo-video

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