Shell to Turn First Oil Production Profit Since Pandemic. Why Analysts Have Been Left Disappointed.

SectorOil & Gas
CountryMiddle east

Text size Royal Dutch Shell said its upstream oil and gas unit will return to profit in the first quarter for the first time since the Covid-19 pandemic began, driven by higher commodity prices. The return to profitability for Shell’s upstream division—largely oil exploration and extraction—suggests signs of a recovery, but analysts were left disappointed by the company’s guidance, particularly in light of BP’s encouraging update on Tuesday. The stock Royal Dutch Shell   Royal Dutch Shell more...