Effects of Russian invasion both boost and weaken Shell's Q1 results

The oil giant delivers its best Q1 adjusted earnings ever, but the company’s withdrawal from Russian activities drags results lower.

BY MATHIAS JULIUS FALKENGAARD, TRANSLATED BY CHRISTOFFER ØSTERGAARD

In recent years, ”volatility” has been somewhat of a recurring keyword when major companies account for the just-ended periods – be they quarterly or annual accounts. For a long time, they did so with references to the Covid-19 pandemic, but these days the companies are pointing to the war in Ukraine.

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