Shell Reports Second-Highest Profit Ever as Refining Hits Record

Shell reported second-highest profit in company history, driven by record oil refining margins. Bloomberg attributed the profit surge to refining capacity disruptions caused by the Iran war and Russia-Ukraine conflict. CNBC reported Shell nearly doubled quarterly profit year-on-year during the same period.

• Bloomberg — Shell Reports Second-Highest Profit Ever as Refining Hits Record
• CNBC — Shell nearly doubles quarterly profit year-on-year as refining margins soar to record high

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