Daily Telegraph: Royal Dutch Shell’s results beat market expectations in the first half.
25 October 2010
The City is expecting profits at Royal Dutch Shell to have risen 50pc to $4.3bn when it reports its results on Thursday Photo: Johnny Greig / Alamy
When it posts third-quarter figures on Thursday, investors will be watching to see whether Peter Voser, its chief executive, unveils solid results again, as arch-rival BP struggles to recover from its Gulf of Mexico oil spill.
Shell’s restructuring programme and a higher oil price helped it to second-quarter profits of around $4.5bn (£2.87bn). The oil giant had slashed its spending by $3.5bn over the previous 18 months by shedding 7,000 staff and making operational savings. At the time, Shell said its radical restructuring programme had come to an end earlier than planned. read more
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