A technician compares samples of lubricant oil in the control laboratory at Royal Dutch Shell Plc’s new lubricants blending plant in Torzhok, Russia. Photographer: Andrey Rudakov/Bloomberg
By Eduard Gismatullin on November 01, 2012
Royal Dutch Shell Plc (RDSA)’s third-quarter profit expanded 2.3 percent after Europe’s biggest oil company generated increased earnings from liquefied natural gas.
Net income rose to $7.14 billion from $6.98 billion a year earlier, Shell said today in a statement. Excluding one-time items and inventory changes, profit was $6.6 billion, beating the $6.3 billion average estimate of 13 analysts surveyed by Bloomberg.
Earnings “benefited from the increased contribution from integrated gas, which included an additional dividend from an LNG venture,” said Shell, based in The Hague. LNG sales gained 4 percent to 4.97 million metric tons from a year ago, mainly reflecting the contribution from the Pluto project in Australia. read more
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