From Telegraph: Anglo-Dutch energy giant Royal Dutch Shell still managed to post a record $31bn profit last year, despite a 70pc slump in the price of crude in the second half of the year.

Fourth-quarter earnings came in at $4.8bn (£3.3bn) on a current cost of supplies (CCS) basis, which accounts for changes in the value of oil inventories currently held by the company. …. Full Article: Source