Royal Dutch Shell sees ‘robust’ profits rise
Oil giant Royal Dutch Shell has described its performance as “robust” after its second-quarter profits more than doubled.
Shell said profits for the period rose to $5.15bn (£3bn) from $2.39bn a year earlier.
Stripping out the impact of one-off charges, underlying profits were still 33% higher at $6.13bn.
Chief executive Ben van Beurden hailed the company’s “recent improved performance”.
The results come in sharp contrast to Shell’s performance in the first three months of the year, when it reported a 44% drop in profits after writing down the value of refineries in Asia and Europe.
In the first quarter, profits fell to $4.47bn (£2.7bn) from $7.95bn a year earlier, although underlying profits fell just 3% to $7.33bn.
Source: bbc
Related Posts
BG Group agrees to £45bn takeover by Royal Dutch Shell in oil mega-merger
Mergers: Commission clears acquisition of BG Group by Royal Dutch Shell- Shell Leads $19 Billion of Gas, Oil Writedowns in Just One Week
Shell, Saudi Aramco Plan to Break Up Motiva Partnership
Shell faces corruption probe over $1bn oil deal in Nigeria
