Worries about the war with Iran sent oil prices
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BP stock price also jumped by 1% and hit a record high of 513p. Like Shell, it has soared by over 61% from its lowest point in April last year.
Shell has laid bare the impact of last year’s tumbling oil prices as it reported a worse-than-expected 22% plunge in annual profits. The oil giant said underlying earnings – which strips out some commodity-price adjustments and one-off charges ...
Headquartered in London, Shell plc (NYSE:SHEL) produces oil and natural gas. The company’s operations are divided into the following segments: Integrated Gas, Upstream, Marketing, Chemicals and Products, Renewables and Energy Solutions, and Corporate.