Shell re­ports 37 per­cent profit jump for Q3 2018

EME Outlook - - News -

Royal Dutch Shell has en­joyed a strong third quar­ter, with prof­its ris­ing by 37 per­cent thanks to as­cend­ing oil prices.

In a video an­nounc­ing the re­sults, Jes­sica Uhl, Chief Fi­nan­cial Of­fi­cer, said: “Our re­sults to­day show that our strat­egy is work­ing and we are on track to where we want to be by 2020.

“We re­main com­mit­ted to our fi­nan­cial frame­work and fo­cused on cap­i­tal dis­ci­pline. With our strong cash­flow out­look and our per­for­mance track record Shell’s fu­ture looks bright.”

Q3 earn­ings hit $5.6 bil­lion ex­clud­ing one-off items, up from $4.1 bil­lion on last year.

Newspapers in English

Newspapers from UK

© PressReader. All rights reserved.