Oil & Gas
ACCORDING to a statment from the Royal Dutch Shell, its net profit surged 80 percent to $23.4 billion in 2018, because of higher oil prices and cuts in prodiuction cost.
The statement said that Shell’s profit-after-tax in 2017 was almost $13 billion
It quoted Ben van Beurden, Shell chief executive as saysing: “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.”
Realnews reports tha oil prices jumped last year on tight supply concerns but have since fallen back sharply, in line with volatility seen across financial markets.
BE
– Jan. 31, 2019 @ 12:19 GMT |
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