Shell Posts Another Strong Quarter Demonstrating Turnaround is Underway; Raising FVE
Shell posted another strong quarter of cash flow generation as earnings rebounded largely because of improvement in the upstream segment. That said, results were strong across the board with both integrated gas and downstream posting increases as well. The upstream segment was the biggest contributor to the improvement, however, with earnings swinging to a $540 million profit from a loss of $1.4 billion last year. The increase in commodity prices was the primary driver although volumes increased...
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