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.
Shell’s shares fell more than 2% in early trade.
“The figures were impressive, but given the rally in the oil market, and the solid figures from BP during the week, traders were left a little unimpressed with today’s update,” said David Madden, market analyst at CMC Markets UK.
On Tuesday, BP said its profits more than doubled in the third quarter to $3.8bn from $1.86bn a year earlier, its best quarterly result for five years.
After trading at about $67 a barrel at the start of the year, the price of Brent crude oil has risen steadily. It peaked last month at $86 a barrel before slipping back to about $75.
Royal Dutch Shell chief executive Ben van Beurden said: “Good operational delivery across all Shell businesses produced one of our strongest-ever quarters, with cash flow from operations of $14.7bn.”
Shell said it had completed the first tranche of a $25bn share buyback programme that it announced in July.
The move fulfils a pledge that it made when it bought oil and gas exploration firm BG Group in 2016.
“Our strategy remains on track,” said Mr van Beurden.
This website and sisters royaldutchshellplc.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.
Royal Dutch Shell conspired directly with Hitler, financed the Nazi Party, was anti-Semitic and sold out its own Dutch Jewish employees to the Nazis. Shell had a close relationship with the Nazis during and after the reign of Sir Henri Deterding, an ardent Nazi, and the founder and decades long leader of the Royal Dutch Shell Group. His burial ceremony, which had all the trappings of a state funeral, was held at his private estate in Mecklenburg, Germany. The spectacle (photographs below) included a funeral procession led by a horse drawn funeral hearse with senior Nazis officials and senior Royal Dutch Shell directors in attendance, Nazi salutes at the graveside, swastika banners on display and wreaths and personal tributes from Adolf Hitler and Reichsmarschall, Hermann Goring. Deterding was an honored associate and supporter of Hitler and a personal friend of Goring.
Deterding was the guest of Hitler during a four day summit meeting at Berchtesgaden. Sir Henri and Hitler both had ambitions on Russian oil fields. Only an honored personal guest would be rewarded with a private four day meeting at Hitler’s mountain top retreat.
IN JULY 2007, MR BILL CAMPBELL (ABOVE, A RETIRED GROUP AUDITOR OF SHELL INTERNATIONAL SENT AN EMAIL TO EVERY UK MP AND MEMBER OF THE HOUSE OF LORDS: 
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A head-cut image of Alfred Donovan (now deceased) appears courtesy of The Wall Street Journal.
