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Home » Finance » Shell’s Renewables Division Reports Increased Losses Amid Portfolio Growth in Q3 2024
Finance

Shell’s Renewables Division Reports Increased Losses Amid Portfolio Growth in Q3 2024

By Michelle AdkinsNovember 1, 20241 Min Read
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Credit: Shell
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Shell’s renewables division reported an adjusted loss of $162 million in the third quarter of 2024, up from a $51 million loss in the same period last year, according to its unaudited quarterly results. Despite the deepened losses, Shell continued to expand its renewables portfolio, which grew to 7.3 GW by the end of Q3,

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