You are here: Home - Uncategorized -

Shell reports record profits

Written by:

Royal Dutch Shell has reported a 36% jump in profits on the strength of soaring crude oil prices in the past three months. The price of a single barrel is now about $78.

The Anglo-Dutch firm said that net profits came in at £3.4bn for the quarter – representing earnings of about $3m per hour – although Shell said its operations in Nigeria had been disrupted by militants.

City analyst Colin Perry commented: “The numbers are huge, as we saw with BP a few days ago, and have come in over expectation thanks to the rising oil price.

“Despite the cost pressures cited by chief executive Jeroen van der Veer it is still immensely profitable.”

He concluded: “The oil business continues to be one of the most significant generators of revenue in corporate history.”


Tag Box




Financial fitness

There are 0 Comment(s)

If you wish to comment without signing in, click your cursor in the top box and tick the 'Sign in as a guest' box at the bottom.

Are you a first-time buyer looking for a mortgage?

Look no further, get the help you need by searching for your perfect mortgage

Five ways to get on the property ladder without the Bank of Mum and Dad

A report suggests the Bank of Mum and Dad is running low on funds. Fortunately, there are other options for st...

The essential Your Money guide to the April 2018 tax changes

As we head into the 2018/19 tax year, a number of key changes take place to existing policies while some new i...

A guide to switching energy provider

All you need to know about switching from one energy supplier to another.

What will happen if rates change

How your finances will be impacted by a rise in interest rates.

Regular Savings Calculator

Small regular contributions can build up nicely over time.

Online Savings Calculator

Work out how your online savings can build over time.

Having a baby and your finances: seven top tips

We’re guessing the Duchess of Cambridge won’t be fretting about maternity pay or whether she’ll still be...

Protecting family wealth: 10 tips for cutting inheritance tax

Inheritance tax - sometimes known as 'death tax' - can cause even more heartache for bereaved families. But th...

Travel insurance: Five tips to ensure a successful claim

Ahead of your summer holiday, it’s important to make sure you have the right level of travel cover or you co... Awards 2018

Now in their 21st year, our awards recognise the companies offering the best products and services to consumers

Money Tips of the Week

Read previous post:
Rising bills fuel the debt crisis

The Consumer Credit Counselling Service (CCCS) has warned that rising household bills are forcing increasing numbers of people into debt.