London: Net profit at Royal Dutch Shell increased more than seven-fold 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 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”. — AFP
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