Shell’s results outshone those of rivals – Exxon Mobil, Chevron and BP – which all saw sharp declines in profits in the first three months of the year as a result of lower refining margins and weaker crude and gas prices
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Royal Dutch Shell’s profits soared to a four-year high in the third quarter, boosted by rising oil and gas prices as the company accelerated its giant $25 billion share buyback programme.
The company said in London while reporting a 72 per cent fall in its quarterly profit that its earnings could be impacted if the situation deteriorated
Shell, whose shareholders last week approved its takeover of rival BG Group, said 2015 income fell 87 per cent to $1.94 billion, the lowest since 2002