Shell reports that its quarterly profit nearly doubles year-on-year, supported by a jump in cash generation and record refining margins. The company says free cash flow rises to $16.3 billion from $10.0 billion a year earlier, and that refining margins reach a record $42 per barrel.
Both outlets focus on the strength of Shell’s downstream and cash-flow performance rather than other segments or broader guidance. Quartz highlights the nearly doubled profit alongside the increase in free cash flow and the scale of refining margins. CNBC similarly emphasizes the profit jump and frames it around soaring refining margins hitting record levels, positioning the story as a near-term earnings driver.
