Shell has doubled its profit over a quarter


Profit of the British-Dutch oil and gas company, Royal Dutch Shell Plc, increased 2.4 times in the fourth quarter of 2018, or 138%. The company earned $7.334 billion in the quarter against $3.082 billion a year earlier. In the third quarter, Shell was able to get $5.57 billion. The company achieved such a result thanks to an increase in gas and oil prices. Shell's net profit jumped 47% to $5.59 billion. In 2018, the oil giant increased its adjusted profit 2 times or 97% to $23.833 billion instead of $12.081 billion a year earlier. The company has increased profits in all divisions, including processing, gas business and exploration. Gas and oil production increased by 1% to 3.788 million barrels.

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