Shell Expects Natural-Gas Profit Rebounded in Fourth Quarter
Shell
SHEL 0.09%
PLC expects its quarterly natural-gas profit was “significantly higher” than in the preceding three months, when price swings hurt results in that core business amid a global scramble for energy.
The London-based oil giant said Friday it experienced higher refining margins in its chemicals and fuels business in the last three months of 2022, but that trading profit from refined products will lag third-quarter results.…