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Shell Beats Expectations As Strong Gas Sales Offset Weak Refining
Shell (NYSE: SHEL) reported on Thursday better-than-expected earnings for the third quarter on the back of strong performance in its gas division which offset weak refining margins in the downstream business. Despite the lower crude prices and weaker refining margins, Shell booked adjusted earnings of $6.0 billion, ahead of the analyst consensus estimate of $5.4 billion, and only slightly below th...
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