Shell set to post best profits since 2014
Written by Energy Reporter –
Royal Dutch Shell is set to unveil its highest annual profits for four years next week, but fourth-quarter figures are expected to take a hit from recent oil price falls.
Results on Thursday are expected to reveal a 39% surge in underlying earnings to £16.8 billion for 2018, up from £12.1 billion in 2017.
This would mark its highest profits since 2014 and comes after Shell hailed one of its “strongest ever quarters” for the three months to September as higher oil prices drove earnings up 37%.
But fourth-quarter results may take the shine off the performance after oil prices went into reverse since reaching a heady high of nearly $87 per barrel in October.