Shell has posted another set of record quarterly results, with adjusted earnings in the second three months of 2022 more than doubling year-on-year to $11.5 billion on soaring commodity prices, despite lower production.

The result also reflects higher refining margins, and higher gas and power trading and optimisation results, but was partly offset by lower liquefied natural gas trading results, the company said.

It is an increase on the $5.5 billion recorded in the second quarter of 2021 and on the $9.1