Shell: record 2Q net profit of $11.6 billion
The Associated PressPublished: July 31, 2008
AMSTERDAM, Netherlands: Royal Dutch Shell PLC has booked a record net profit of US$11.6 billion in the second quarter, up 33 percent from the same period a year ago, thanks to high oil prices and the weak dollar.
The year ago figure was US$8.67 billion.
The company says its selling price per barrel of oil was around US$112, up from US$64 a year earlier.
Chief Executive Jeroen van der Veer called the results “competitive” in a statement Thursday.
A “good operating performance, combined with increased oil and gas prices, offset the impact of weaker” results from refineries, he said.
http://www.iht.com/articles/ap/2008/07/31/business/EU-Netherlands-Earns-Shell.php
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