The spike in refining margins helped the group to report record results. On the other hand, the big E&P and IGRP divisions took a step back after the strong Q1. Nothing to worry about although this might explain the stock’s decline this morning, especially when compared with Shell where the two divisions grew qoq. Solid results nonetheless.
28 Jul 2022
Q2: gain in refining, lower qoq in E&P/IGRP
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Q2: gain in refining, lower qoq in E&P/IGRP
The spike in refining margins helped the group to report record results. On the other hand, the big E&P and IGRP divisions took a step back after the strong Q1. Nothing to worry about although this might explain the stock’s decline this morning, especially when compared with Shell where the two divisions grew qoq. Solid results nonetheless.