Shell posts $6.2bn profit as oil prices rise again
Shell has recorded strong profits again, helped by oil prices rising again.
The oil and gas giant reported earnings of £5.1 billion ($6.2bn) between July and September, up sharply on the previous quarter.
Profits were down from $9.4bn in the same period last year, however, when Russia’s invasion of Ukraine caused a spike in oil and gas prices.
Oil prices are currently lower than that period, but have risen recently.
That is largely due to members of the Opec+ group of oil-producing nations cutting output to support the market.