Shell Still Undervalued but, as Profits Pile In, Any Resistance from Green Investors May Weaken as the Giant Goes Greener
Hello Share Carriers. Oil jumbo Shell (SHEL) remains one of the few shares still left in my bag after a dash to cash a month or so ago. That’s because the bubbly oil price can only translate into bigger profits for the black stuff boys. Net profit for the third quarter was 26% higher than last time at $11.5 billion, thanks to those chirpy oil prices and post Covid demand.
- By Malcolm Stacey
- 2022-08-01 08:14:38