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BP p.l.c. (BP) vs. Shell plc (SHEL): Two Oil Majors Cash In on the Iran War, But Tell Different Stories
['Fatima Gulzar', 'Wed', 'August', 'At Pm Gmt', 'Min Read']
Yahoo Finance
Why One Company Is Apologizing, and the Other Isn'tBP's profit more than doubled as new CEO Meg O'Neill pushes an aggressive turnaround.
By contrast, Shell plc (NYSE:SHEL) just posted its best quarter since 2022 while staying the steady course it has followed for years.
Shell plc (SHEL): Two Oil Majors Cash In on the Iran War, But Tell Different StoriesBP's Bull and Bear CaseProfit hit $5.73 billion, beating the $5.11 billion analysts expected and more than doubling from a year earlier.
Shell's Bull and Bear CaseAdjusted earnings came in at $9.84 billion, beating the $8.92 billion estimate and marking Shell plc (NYSE:SHEL)'s best quarter since 2022.
Net debt fell sharply to $41.75 billion from $52.6 billion, and Shell maintained its 19th consecutive buyback of at least $3 billion.