British energy major Shell reported adjusted earnings of $9.84 billion in the second quarter of 2024, comfortably beating analyst expectations of $8.79 billion according to LSEG consensus. This result represents more than double the $4.26 billion recorded during the same period last year. Soaring oil and gas prices amid the Middle East conflict boosted profits for major energy companies. Shell shares have risen approximately 21% year-to-date on the London Stock Exchange.
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