1 November 2018
Royal Dutch Shell’s profits surged by 37% in the third quarter of the year on the back of rising oil prices.
The Anglo-Dutch giant said earnings excluding one-off items on a current cost of supply measure (CCS), which strips out price fluctuations, hit $5.6bn (£4.3bn) from $4.1bn last year.
Rising oil and gas prices in the July-to-September period were the main driver of profits.
Shell joins rivals, including BP, in reporting strong results.
However, the figure was lower than a company-provided analysts’ consensus forecast of nearly $5.8bn.