Prelude; Source: Shell

Buffeted by market volatility, Shell’s profit slumps but overall performance remains ‘strong’

UK-headquartered energy giant Shell has joined its peers in posting solid operating and financial performance for the third quarter of 2023, however, the oil major’s profit has seen better days, as it fell by more than 30% on a year-over-year basis driven by a drop in oil and gas prices.

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