Shell expects the Texas storm to weigh up to $ 200 million on earnings in the first quarter
© Reuters. FILE PHOTO: A shell sign is pictured near Nowshera
LONDON (Reuters) – Royal Dutch Shell (LON 🙂 announced on Wednesday that adjusted earnings for the first quarter are expected to profit up to $ 200 million in the quarter due to an extreme cold snap in Texas.
In an update prior to its first quarter results, expected April 29, Shell, the world’s largest fuel retailer, announced that its refined oil product sales for the first quarter were between 3.7 and 4.7 million barrels per day ( bpd). (Graphic: Sale of Shell fuel products, https://graphics.reuters.com/SHELL-EMISSIONS/xlbvgxnadpq/chart.png)
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