Apr 29, 2021 9:55:am
Summary
Higher oil prices and increased production more than offset weaker refining and marketing margins. Updates with comments from CFO.
by: Joseph Murphy
Anglo-Dutch major Shell swung to a $5.66bn income attributable to shareholders in the first quarter, up from a $4.01bn loss a year earlier, thanks to $3.4bn in asset sales and higher oil prices. But the contribution from trading and optimisation was significantly below average, it said April 29.
CFO Jessica Uhl told press that th...
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