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Shell says refining margins dropped sharply in third quarter

LONDON (Reuters) – Shell (LON:SHEL)’s refining profit margins dropped sharply in the third quarter from the previous three months, while oil product trading earnings also weakened, it said on Monday.

In a trading update ahead of its quarterly results on Oct. 31, Shell said its indicative refining margins dropped to $5.5 a barrel in the three months to the end of September from $7.7 a barrel in the previous period.

Trading results for its chemicals and oil products division were expected to be lower than in the second quarter, Shell said.

This post is originally published on INVESTING.

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