Wednesday, February 16, 2011

Shell Announces 4Q 2010 Net Profit of $5.7 bln. 5 fold Increase on 4Q 2009

 Feb 3rd, 2011 with tags $5.7 bln, 2009, 4Q, 5 fold, Announces, europe, increase, Net, Profit, Shell, The Netherlands.

Royal Dutch Shell Plc (RDSa.L) posted a near fivefold increase in fourth quarter net profit on Thursday, powered by higher oil prices, and putting more distance between itself and troubled rival BP .

The company said fourth quarter 2010 earnings, on a current cost of supplies (CCS) basis, were $5.7 billion compared to $1.2 billion a year ago when the company suffered heavy refining losses...continued......