ZCZC
BCN-35
BRITAIN-ENERGY-SHELL-EARNINGS
Shell profit soars to $23 bn in 2018
LONDON, Jan 31, 2019 (BSS/AFP) – Royal Dutch Shell on Thursday said that
net profit surged 80 percent to $23.4 billion in 2018, thanks to higher oil
prices and cost cuts.
Profit after tax had come in at almost $13 billion in 2017, Shell said in
a statement.
“We delivered on our promises for the year, including the completion of
the $30 billion divestment programme and starting up key growth projects
while maintaining discipline on capital investment,” Shell chief executive
Ben van Beurden said.
Oil prices jumped last year on tight supply concerns but have since fallen
back sharply, in line with volatility seen across financial markets.
BSS/AFP/HR/1400