Royal Dutch Shell on Thursday said it was “in a delivery window for new growth” as it reported a substantial rebound in profits for the third quarter and rising production.
Third-quarter profit rose 18 per cent to $3.5bn on a current cost of supplies basis, a closely watched post-tax measure that removes the effect of price changes on inventories. The results were driven by higher oil and gas prices and greater cost efficiency.
Underlying CCS profit – a measure that strips out one-off items – was $4.9bn, compared with $2.6bn in the third quarter last year. It announced a third-quarter dividend of 42 cents a share.
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