weak quarter shell is a timely reminder that oil and gas prices are not always high Bumper Super Major Results.
Liquefied natural gas prices hit the stratosphere in the third quarter, with crude oil benchmarks fluctuating between $80 and $100 a barrel.shells Third quarter update Nonetheless, Thursday warned that gas trading results could be “significantly lower”, reducing refining and chemicals margins, collectively hurting profits by $2 billion. . Marketing profits and oil production improved, but the big picture clearly surprised some investors.
https://www.wsj.com/articles/shells-slip-shows-oil-and-gas-prices-arent-everything-11665072624?mod=rss_markets_main Shell slip shows oil and gas prices aren’t everything