Shell in one of ‘strongest ever’ quarters. Profit soars on higher oil prices

Oil giant Shell posted a jump in earnings on the current cost of supply basis, boosted by higher oil and gas prices, in what Shell CEO said was one of the company’s strongest ever quarters.

The company’s CCS earnings attributable to shareholders excluding identified items were around $5.62 billion, 37% higher compared to 2017 3Q of around $4.1 billion.

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