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Shell swings to a profit, outlook uncertain

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screen-shot-2016-10-20-at-23-00-27Nov. 1, 2016 4:30 AM ET|By: Yoel Minkoff, SA News Editor

“Shell delivered better results this quarter… but lower oil prices continue to be a significant challenge across the business, and the outlook remains uncertain,” Chief Executive Ben van Beurden said in a statement.

Earnings on a current cost of supplies basis reached $1.4B in Q3, after contracting $6.1B in the same period a year ago, as higher production from acquisition BG Group and lower operating costs helped support earnings.

RDS.A +3.3%; RDS.B +4.2% premarket

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