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Shell’s profits surge 175 per cent to $27.3 billion

Sunday Express

Sunday 29 Jan 2012

By Tracey Boles

ROYAL Dutch Shell is set to gush full-year profits of $27.3 billion (£17.4 billion) for 2011, a 175 per cent increase in a year.

The expected surge in earnings comes despite fourth-quarter profits hurt by lower demand because of the warm winter weather.

The results, buoyed by the high cost of crude oil last year, represent a spectacular return to form for the oil giant which reported disappointing full-year profits for 2010 of $9.8 billion (£6.3 billion).

However, it is still below its 2009 record performance of $31.4 billion ($20 billion).

Analysts predict that profits for the fourth quarter at the Anglo-Dutch company will be about $5.1 billion (£3.3 billion), which compares with $7.25 billion in the third quarter.

This represents a drop of about 25 per cent which is attributed to the mild winter and an extensive maintenance programme.

But it is a strong recovery from the previous year, when it suffered a 75 per cent crash in fourth-quarter profits to $1.18 billion (£750 million).

Analysts at Collins Stewart said: “Shell will report its Q4 2011 results on February 2. We expect a combination of circumstances to lead to weak figures, as was the case at fourth-quarter 2010.”

“In our view the market is still underestimating the scale of growth in its cash flow, from an underlying $32 billion (£31.8 billion) in 2010 to about $50 billion (£20 billion) by 2013 on our estimates.”

The experts also expect guidance this week on the 2012 dividend, with growth predicted. and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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