Shell Plc, the British oil and gas giant, announced on Thursday that its second-quarter net income attributable to shareholders rose to $3.517 billion, compared to $3.134 billion in the same period last year.
Earnings per share increased to $0.55 from $0.46 a year earlier. Adjusted earnings ascended to $6.293 billion, or $0.99 per share, from $5.073 billion, or $0.75 per share, in the previous year.
Adjusted EBITDA also saw an uptick, reaching $16.806 billion from last year’s $14.435 billion. Despite these gains, total revenue and other income slightly decreased to $75.057 billion, down from $76.020 billion the year prior.
Looking ahead to the third quarter, Shell anticipates integrated gas production to be between 920,000 and 980,000 barrels of oil equivalent per day (boe/d). LNG liquefaction volumes are expected to fall in the range of 6.8 to 7.4 million tonnes. Upstream production is projected to be around 1,580,000 to 1,780,000 boe/d, which factors in scheduled maintenance activities across its portfolio.
