Shell Quarterly Profit Beats Estimates on Refining Earnings

  • Anglo-Dutch oil major earns $2 billion from downstream units
  • Company cuts billions more dollars from capital spending plan

Shell Beats Profit Estimates on Boost From Refining

Royal Dutch Shell Plc’s first-quarter profit beat analyst estimates as better-than-expected earnings from oil refining and chemicals production countered crude prices at a 12-year low.

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