Shell Posts Q2 Adjusted Profit Beat Despite Declining Refining Margins

KEY TAKEAWAYS Shell reported higher-than-forecast second-quarter adjusted earnings, although refining margins at the energy giant dropped from the prior quarter. The company posted adjusted earnings per share of $0.99, which beat analysts' estimates. Refining margins fell to$8 a barrel in the second quarter from $12 a barrel in the first. Shell (SHEL) on Thursday reported higher-than-forecast second-quarter adjusted earnings, although refining margins at the energy giant dropped from the prior quarter. The ...