LONDON—Shell PLC reported a second consecutive record quarterly profit as the oil major benefited from soaring global energy prices and a continued rebound in the global economy.
The London-based company said Thursday that strong demand and higher prices had allowed it to reverse $4.3 billion in impairments it took early in the Covid-19 pandemic. It also said that strong fuel-refining earnings had added more than $1 billion in profit in the second quarter.
Source: https://www.wsj.com/articles/shell-posts-record-quarterly-profit-on-soaring-energy-prices-11658993189?siteid=yhoof2&yptr=yahoo