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Royal Dutch Shell reported USD7.14b profit in Q3  Join our daily free Newsletter

MENAFN - 01/11/2012

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(MENAFN) Royal Dutch Shell Plc reported a 2.3 percent increase in quarterly profits on higher income from its liquefied natural gas operations, Bloomberg reported.

Europe's largest energy firm said it made USD7.14 billion net profit during the third quarter, up from USD6.98 billion a year earlier.

The results were driven mainly by a 4 percent increase in LNG sales volumes to 4.97 million metric tons compared to a year earlier, particularly the contribution from the Pluto LNG project in Australia, according to the statement.

Shell said that it saw stronger margins in its oil refining division, but these were outweighed by lower crude prices during the quarter, according to BBC.

 






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