Wednesday, April 25, 2012

Shell profits rise on strong oil price

Shell pump

Oil giant Royal Dutch Shell has reported a rise in profits thanks in part to strong demand for energy which is keeping oil prices high.

Earnings for January to March were $7.66bn (£4.74bn), up 11% on the $6.93bn the firm made a year ago.

Shell warned that oil prices would be volatile in the coming months.

It added that asset sales this year were likely to total more than $4bn compared with its earlier estimate of $2bn-$3bn.



Source & Image : BBC

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