Shell benefits from oil upswing

The oil firm dials up its dividend after another increase in revenue and result.

Photo: Toby Melville/REUTERS / X90004

British-Dutch oil company Shell is benefiting from markedly higher oil prices than seen in 2020.

This is clear in the firm's second-quarter financial report, in which revenue is almost doubled compared to the same period last year. The item now comes to USD 60.5bn against USD 32.5bn.

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