Shell profit jumps on high fuel prices

London: Energy major Royal Dutch Shell said on Thursday that profits leapt by about two thirds in the first quarter of 2018, energised by resurgent crude oil and gas prices.
Earnings after taxation, or net profit, surged 67 per cent to almost $5.9 billion (4.8 billion euros) in the three months to March compared with around $3.5 billion a year earlier, the London-listed giant said in a results statement.
“Shell’s strong earnings this quarter were underpinned by higher oil and gas prices, the continued growth and very good performance of our integrated gas business, and improved profitability in our upstream business,” said chief executive Ben van Beurden.— AFP