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Shell's profit exceeds expectations thanks to oil and liquefied gas trade
14:30 - 31/10/2019
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Information / Baghdad ..
Royal Dutch Shell profits fell in the third quarter , 15 percent because of weak oil prices , but easily surpassed expectations thanks to a batch of crude and liquefied natural gas trade.
The better-than-expected results amid oil prices, which have fallen 17 percent year-on-year, highlight the shift in Shell over the past few years from a substantial cut in spending and a focus on revenues after the sector's 2014
decline. Net profit attributable to shareholders, based on current cost For supplies with the exception of specific items, to $ 4.8 billion compared with the same period last year.
Analysts had forecast a net profit attributable to shareholders of $ 3.91 billion.
Oil and gas production in that quarter fell 1 percent from a year earlier to 3.6 million barrels of oil equivalent per day. Done / 25
Royal Dutch Shell profits fell in the third quarter , 15 percent because of weak oil prices , but easily surpassed expectations thanks to a batch of crude and liquefied natural gas trade.
The better-than-expected results amid oil prices, which have fallen 17 percent year-on-year, highlight the shift in Shell over the past few years from a substantial cut in spending and a focus on revenues after the sector's 2014
decline. Net profit attributable to shareholders, based on current cost For supplies with the exception of specific items, to $ 4.8 billion compared with the same period last year.
Analysts had forecast a net profit attributable to shareholders of $ 3.91 billion.
Oil and gas production in that quarter fell 1 percent from a year earlier to 3.6 million barrels of oil equivalent per day. Done / 25
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