Shell announces half year profits – London Business News | Londonlovesbusiness.com

Oil giant Shell has announced for the first half of the year profits of £10.9 billion.

In the three months to June Shell had a slowdown in revenue after warning of lower fossil fuel, however the oil firm delivered £4.9 billion in the same period.

Chief executive Wael Sawan said, “Shell delivered another strong quarter of operational and financial results.

“We further strengthened our leading LNG portfolio, and made good progress across our Capital Markets Day 2023 financial targets, including 1.7 billion dollars of structural cost reductions since 2022.

“We continue to demonstrate that we are delivering more value with less emissions.”