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Shell: record 2Q net profit of $11.6 billion

 

International Herald Tribune

Shell: record 2Q net profit of $11.6 billion

The year ago figure was US$8.67 billion.

The company says its selling price per barrel of oil was around US$112, up from US$64 a year earlier.

Chief Executive Jeroen van der Veer called the results “competitive” in a statement Thursday.

A “good operating performance, combined with increased oil and gas prices, offset the impact of weaker” results from refineries, he said.

http://www.iht.com/articles/ap/2008/07/31/business/EU-Netherlands-Earns-Shell.php

 

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