Friday, March 29, 2024 | Ramadan 18, 1445 H
broken clouds
weather
OMAN
23°C / 23°C
EDITOR IN CHIEF- ABDULLAH BIN SALIM AL SHUEILI

Royal Dutch Shell posts surging profits

1151782
1151782
minus
plus

London: Royal Dutch Shell said on Thursday that net profit almost tripled to more than $4.0 billion in the third quarter, helped largely by recovering oil prices. Profit after tax rocketed to $4.087 billion (3.505 billion euros) in the three months to September from $1.375 billion in the third quarter of 2016, the Anglo-Dutch energy giant said in a statement.


“Earnings benefited mainly from stronger refining and chemicals industry conditions, increased realised oil and gas prices and higher production from new fields, offsetting the impact of field declines and divestments,” the group said. — AFP


SHARE ARTICLE
arrow up
home icon