Shell more than doubled its profits last year

FILE PHOTO: A logo for Shell is seen on a garage forecourt in central London, Britain, March 6, 2014.   REUTERS/Neil Hall/File Photo Thomson Reuters

  • Shell’s fourth-quarter profit hits $ 4.2 billion, ahead of forecasts.
  • Net income attributable to shareholders up 140% to $ 1.7 billion.

LONDON (Reuters) – Royal Dutch Shell’s profit more than doubled in the fourth quarter of 2017 to $ 4.3 billion (£3 billion), slightly ahead of forecasts, supported by higher oil and gas prices and production, the company said on Thursday.

Net income attributable to shareholders, based on a current cost of supplies (CCS) and excluding identified items, rose 140%t from $ 1.795 billion (£1.2 billion).

See the rest of the story at Business Insider

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