Shell quarterly profits surge on rebounding oil prices
Oil giant Royal Dutch Shell books a sevenfold increase in its bottom line profits in the first quarter
London - AFP
Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday.
Profit after tax came in at $3.538 billion (3.247 billion euros) in the three months to March, compared with $484 million in the first quarter of 2016, the Anglo-Dutch group said in a statement.
Royal Dutch Shell chief executive Ben van Beurden said the group had "benefited from improved operational performance and better market conditions."
Energy producers across the world are reaping the benefits of higher oil prices, which have strongly increased their revenues and profits.
Crude futures have recovered thanks to the OPEC oil producers' cartel adhering to a production cut agreed late last year.
US energy giants ExxonMobil and Chevron, as well as French titan Total and British group BP have all posted bumper profits in the past week.
source: AFP
GMT 09:37 2018 Wednesday ,03 January
BP says to take $1.5bn hit on US tax reformsRussia tests new telemetry system during manned Soyuz MS-11 spacecraft’s launch
Moscow - TASS
The Astra-06 apparatus developed by specialists of Russian Space Systems (RSS) was used for the first time as additional telemetric equipment aboard the manned Soyuz MS-11 spacecraft launc...Read More
GMT 12:00 2018 Thursday ,13 December
Liverpool, Manchester City seek neighbours' help in title chase
GMT 16:10 2018 Friday ,14 December
Bahrain press headlines For 14 Dec 2018
GMT 07:52 2017 Saturday ,25 March
Pliskova eases through at WTA Miami Open
GMT 19:48 2017 Tuesday ,13 June
Oman hails UAE, Saudi, Bahrain decision on Qatar joint families
GMT 12:09 2018 Sunday ,09 December
Investment minister witnesses MoU to support clean technology start-up accelerator
GMT 17:56 2017 Monday ,06 February
‘Terrorist’ bomb blast hits outside Bahraini capital
GMT 04:56 2017 Friday ,21 April
GCC Islamic banks stay on course through glum operating conditions
GMT 21:52 2017 Thursday ,15 June
Actress Ayten Amer happy
GMT 13:29 2017 Wednesday ,22 November
Your ultimate guide to your dream kitchen
GMT 11:38 2013 Friday ,06 September
Archaeological evidence suggests King Solomon\'s mines existed
GMT 04:16 2017 Thursday ,11 May
Egypt’s annual urban consumer price inflation reaches 31.5% in April
GMT 08:50 2017 Saturday ,03 June
Mai Nour Al Sherif returns to drama
GMT 11:41 2017 Wednesday ,22 March
Chairperson demands €40m to sell footballer
GMT 07:11 2017 Wednesday ,27 September
TGV trains Alstom on Tuesday announced a "merger of equals"
GMT 09:59 2017 Wednesday ,18 October
US-world divide spills out at IMF-World Bank meetings
GMT 00:20 2017 Friday ,20 January
Alex. university condemns suicide attack
GMT 12:10 2018 Tuesday ,16 January
The Cranberries singer Dolores O'Riordan dies aged 46
GMT 19:52 2018 Monday ,08 January
Turkish Cypriots set for coalition after PM’s party wins polls
GMT 18:25 2017 Sunday ,06 August
Well-preserved dinosaur unearthed
GMT 08:32 2018 Sunday ,07 January
Kuwaiti activist launches prison hunger strike
GMT 21:32 2017 Tuesday ,25 April
ANNHRI Participates in UN Human Rights Office Consultations with Regional Stakeholders
GMT 19:02 2017 Saturday ,11 February
S. Korea's Non-Bank Lending Hits Record High in 2016
GMT 10:10 2016 Wednesday ,21 December
Christmas cheer missing in crisis-hit Rio
GMT 08:56 2017 Sunday ,29 October
Kenya in limbo as incomplete election keeps tensions high
GMT 08:11 2017 Monday ,16 October
Tariq happy for “Between Two Worlds” success
GMT 08:05 2017 Wednesday ,29 November
Fadl Shaker will not leave Ain Al Halwa soon
GMT 08:54 2017 Saturday ,21 October
Rogina happy for reactions to “The Flood”
GMT 11:17 2013 Wednesday ,19 June
The dots between pop art
GMT 14:23 2018 Friday ,14 December
China to suspend US car tariffs in sign of easing trade tension
GMT 12:30 2018 Friday ,14 December
Noriaki Kasai: 30 years of World Cup ski-jumping
GMT 07:44 2018 Friday ,09 November
Imelda Marcos faces prison after corruption convictions
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor