Shell reported an increase in quarterly profit 1.5 times

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The British-Dutch oil company, Royal Dutch Shell, following the results of the third quarter, reported about the growth of adjusted profit by 51% in annual terms to 5 billion 570 million dollars. The indicator includes changes in production costs. Its growth was due to an increase in oil prices and strong quarterly results in exploration and production. Experts had expected an even more significant growth rate – up to 5 billion 770 million dollars. During the earnings period, the company increased its net profit by 43% compared to the same period in 2017 to 5 billion 839 million dollars. Revenues amounted to 100 billion 200 million dollars, an increase of 32%. In 9 months from the beginning of the year, the adjusted profit increased by 83%, net profit – by 94%.

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