Royal Dutch Shell Plc  .com Rotating Header Image

Royal Dutch Shell says 3Q earnings rose 18 percent



By ASSOCIATED PRESS: 1 November 2016 

LONDON (AP) — Royal Dutch Shell says third-quarter earnings rose 18 percent, boosted by increased production after the acquisition of BG Group.

The company said Tuesday that profit adjusted for one-time items and the fluctuating value of inventories rose to $2.79 billion from $2.38 billion in the same period last year.

Gains from increased production more than offset falling oil prices. Oil and gas production rose 25 percent to the equivalent of 3.6 million barrels of oil a day. That includes 806,000 barrels a day from BG assets.

Chief Executive Ben van Beurden says lower oil prices continue to be a “significant challenge across the business, and the outlook remains uncertain.”

Brent crude averaged $46 a barrel in the third quarter, down from more than $100 a barrel in September 2014.

Read more:

Follow us: @MailOnline on Twitter | DailyMail on Facebook and its sister non-profit websites,,,,,, and are owned by John Donovan. There is also a Wikipedia feature.

0 Comments on “Royal Dutch Shell says 3Q earnings rose 18 percent”

Leave a Comment

%d bloggers like this: