US Federal Reserve Announces Interest Rate Steady as Shell Exceeds Profit Predictions
Thursday, 2 May 2024, 06:45
US Federal Reserve and Shell Business News
Rolling coverage of the latest economic and financial updates. The US Federal Reserve holds interest rates steady as Shell surpasses profit forecasts. Energy giant Shell reports adjusted earnings of $7.7bn in Q1 2024, higher than analysts' predictions but lower than the previous year.
Impact of Shell's Earnings
- Strong Performance: Shell demonstrates financial strength despite challenges.
- Social Concerns: Critiques claim profit benefits climate-wrecking practices.
- Financial Disparities: Record profit contrasted with rising energy crisis issues.
Shell's results highlight the complexities of profit generation in the current energy landscape.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.