Gasoline

Shell profit jumped 36% in earnings report

Shell gas station.
A Shell gas station. Photo: Miguel Candela/SOPA Images/LightRocket via Getty Images

"Royal Dutch Shell Plc came through a quarter of volatile oil prices to beat earnings estimates, delivering a surge in cash flow the company said will underpin 'world-class' returns to investors," Bloomberg reports.

By the numbers: The company on Thursday announced a $5.7 billion fourth quarter profit and a full-year profit haul of $21.4 billion.

Electric, autonomous vehicles could cut U.S. gasoline demand

A gas station in New York. Photo: Don Emmert/AFP/Getty Images

A new Morningstar report says that the rise of autonomous and electric vehicles may steeply cut U.S. gasoline demand in coming decades.

Why it matters: The report adds to analysts' efforts to game out how interlocking changes in mobility will affect fuel demand and, by extension, greenhouse gas emissions.

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