Shell second quarter net profit almost doubles
Thursday 29 July 2010
Anglo Dutch oil giant Royal Dutch Shell almost doubled its net profit in the second quarter of 2010 after completing a corporate restructuring programme, the company said on Thursday.
Net profit reached $4.5bn, up from $2.3bn a year ago, the Shell statement showed. Excluding extraordinaries net profit was $4.2bn, compared with $3.1bn in the second quarter of 2009.
CEO Peter Voser said the results represented 'a good performance' in a tough economy.
Voser said he did not expect tighter rules on the oil industry following the Gulf of Mexico spill to have a major impact on Shell.
'From our side we are complying with most of them already,' he told news agency AP.
The spill is 'a tragedy for everyone affected', he said, adding that 'worldwide deep water production has an important role to play in the global energy supply equation.'
© DutchNews.nl
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Friday: Cold and sunny everywhere. Heavy frost at night. Similar Saturday but thaw possible Sunday
Really... which rules are they actually complying with when it comes to the spills in the Niger Delta in Nigeria??? Or have the 300 or so spills a year that occur there not yet caught their attention???
By JK | July 30, 2010 12:57 PM