ZCZC
BCN-26
BRITAIN-NETHERLANDS-ENERGY-EARNINGS-SHEL
Shell profit edges higher to $6 bn in first quarter
LONDON, May 2, 2019 (BSS/AFP) – Energy giant Royal Dutch Shell on Thursday
said net profit edged higher to $6 billion in the first quarter, with the
advance capped by cooler oil prices and a dip in production.
Profit after tax climbed two percent compared with the first three months
of 2018, the Anglo-Dutch group said in an earnings statement.
Oil and gas production dipped two percent to 3.75 million barrels per day,
while average crude prices were slightly lower compared with the first
quarter of 2018.
“Shell has made a strong start to 2019,” chief executive Ben van Beurden
said in the statement.
“The consistent financial performance across all our businesses provides
confidence in meeting our 2020 outlook,” he added.
BSS/AFP/HR/1315