Markets Insider – by Harry Robertson
Shell reaped in an extra $1 billion in the second quarter from its oil-refining business as the prices for gasoline and other fuels soared.
The oil giant said Thursday its refining margins rocketed to $28.04 a barrel in the second quarter, up from $10.23 in the first quarter and $4.17 in the same period a year earlier. That means it made almost three times more refining each barrel of oil than it did in the first three months of 2022. Continue reading “Shell just reaped an extra $1 billion from oil refining in 3 months as gas prices at the pump skyrocketed”
