Shell profits gush on higher oil prices

Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energised like its competitors by rising oil and gas prices. Production however declined two percent to 3.596 million barrels of oil equivalent per day amid the group's ongoing asset disposal strategy. "Earnings primarily benefited from increased realised oil, gas and liquefied natural gas (LNG) prices," it added.

from Yahoo News - Latest News & Headlines https://ift.tt/2Dl1VeG