Shell reports 37 percent profit jump for Q3 2018

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.