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Commodities Briefing - Categorized | Energy, Market Moves, Oil more

Shell profits hits record USD31bln despite fall in oil price

Posted on 30 January 2009

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


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