Shell Oil and Gas Company announced that the company's adjusted net profit in the third quarter of this year reached 10 billion and 810 million dollars; A figure higher than analysts' forecasts and the highest profit of this company since 2022.
Since the American ground attack and the Israeli prisoners in Iran and the beginning of the war about 8 months ago, the global energy supply has been damaged and caused a sharp increase in prices. This situation helped Shall raise the profit margin of refining crude oil and turning it into products like diesel fuel to the highest level.
Shell's refining profit margin in the third quarter reached an unprecedented figure of $42 per barrel, while this figure stood at $11.60 cents in the corresponding period last year.
Shell's adjusted profit in the third quarter of last year was 5 billion 430 million dollars, thus the company's profit almost doubled in one year.
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