Shell Reports $9.8 Billion in Adjusted Earnings as Energy Prices Surge

Shell (SHEL:NYSE) more than doubled its second-quarter earnings from a year earlier, as higher oil and gas prices, record refinery utilization, and strong trading boosted profits to above analyst expectations. Shell on Thursday reported adjusted earnings of $9.

84 billion for the second quarter, more than double the $4. 26 billion for the same period last year, and smashing analyst estimates of $8. 8-$8. 9 billion.