Shell said surging demand for oil products that had almost tripled refining profits in the second quarter would boost earnings by up to $1.2 B.

Earnings from oil and refined products trading were expected to be strong in the quarter but lower than the first quarter of 2022, Shell said.

The increased refining margin is expected to boost the division's earnings by $800 million to $1.2 B in the second quarter compared with the first quarter.