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Commodities Briefing - Categorized | Energy, Market Moves more

Shell and Exxon join the profits bonanza

Posted on 31 October 2008

From Guardian: Royal Dutch Shell and Exxon Mobil followed BP yesterday by revealing record quarterly profits. Royal Dutch Shell, the biggest oil firm in Europe, beat City expectations with third-quarter current cost-of-supply profits - which strip out unrealised inventory gains and losses - up 74% to $10.9bn (£6.7bn).

Exxon Mobil, the world’s largest oil company, smashed its own record for the highest quarterly earnings from a US firm, by delivering a profit of $14.83bn….. Full Article: Source


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