Shell second quarter net profit almost doubles
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.’
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