High oil prices boost Shell profits

High global oil prices have boosted the second quarter results of Anglo-Dutch energy concern Shell which on Thursday announced second quarter profit up 5% to $7.9bn (around €5.1bn) on a current cost of supply basis.

The result was higher than analysts expected, according to media reports.
Shell produced 3,054 million barrels of oil-equivalent a day in the second quarter, slightly below the volume a year ago.

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