Shell Q2 Earnings Preview: Can Refining Margins Save the Day?

Key Takeaways Shell plc (SHEL) is set to release second-quarter results on July 31. The current Zacks Consensus Estimate for the to-be-reported quarter is earnings of $1.13 per share on revenues of $73.7 billion. Still, Shell's refining margins look strong, rising from $6.20 per barrel in the first quarter to $8.90 per barrel in the second. This is supported by better utilization of its refineries. However, the company's chemicals business is expected to report a loss due to unplanned shutdowns at its Monac ...