The shell recorded a decline in profits in the third quarter.
Oil giant profits have decreased by 25 % in the quarter to $ 4.1 billion. This was less than the analyst expectations.
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“Usually, you shouldn’t hung up in just three months, but this is intended to be most of the shells, given the sharpening of oil and gas prices in the past few months. Sadly, it missed the profit and left the investor, “said Las Mold.
Some analysts focused on a mistake in the headline, but other analysts focused on the shell’s cash flow, which plays an important role in distributing groups to shareholders.
“These are the result of mud from the shell. The rapid swing seen at the price of oil and gas in the past 18 months is great in the derivative value taken by the group to remove hedges against further price drops. These are officially pushed up to the quarterly losses, but Nicholas Hyett, who had to get a face down. I mentioned it.
Climate target
The shell also sets new climate goals in itself. The group has already pledged to be on the net by 2050, but the group states that it will reduce 50 % of the operation by 2030 and reduce the 2016 emission level.
Earlier this year, the Dutch court has decided to reduce shells by 45 % by the end of 2030 to reduce carbon emissions around the world. The decision to submit a company in line with the Paris Agreement is the first in history.
“The Court has been ordered to reduce the output of CO2 output, supplier and buyer by 45 % by the end of 2030, based on the level of 2019. Must be implemented.
