Shell quarterly profits surge on rebounding oil prices
Oil giant Royal Dutch Shell books a sevenfold increase in its bottom line profits in the first quarter
London - AFP
Net profit at Royal Dutch Shell increased more than sevenfold in the first quarter as oil prices recovered from heavy declines, the energy giant said on Thursday.
Profit after tax came in at $3.538 billion (3.247 billion euros) in the three months to March, compared with $484 million in the first quarter of 2016, the Anglo-Dutch group said in a statement.
Royal Dutch Shell chief executive Ben van Beurden said the group had "benefited from improved operational performance and better market conditions."
Energy producers across the world are reaping the benefits of higher oil prices, which have strongly increased their revenues and profits.
Crude futures have recovered thanks to the OPEC oil producers' cartel adhering to a production cut agreed late last year.
US energy giants ExxonMobil and Chevron, as well as French titan Total and British group BP have all posted bumper profits in the past week.
source: AFP
- Wednesday ,03 January GMT 17:39 2018 Norway powers ahead electrically with over half of new car sales now electric or hybrid
- Wednesday ,03 January GMT 15:36 2018 Minister of Mining Says Govt. Invested MAD 12.3 Billion between 2003-2017
GMT 14:36 2018 Sunday ,14 January
Fossil fuels blown away by wind in cost terms: studyGMT 18:20 2018 Thursday ,11 January
Ukraine to launch its first solar plant at ChernobylGMT 18:44 2018 Tuesday ,09 January
Finland's Fortum snaps up EON's fossil fuels stakeGMT 17:39 2018 Wednesday ,03 January
Norway powers ahead electrically with over half of new car sales now electric or hybridGMT 15:36 2018 Wednesday ,03 January
Minister of Mining Says Govt. Invested MAD 12.3 Billion between 2003-2017GMT 18:00 2017 Saturday ,23 December
Energy prices bump key US inflation index up in NovemberGMT 09:01 2017 Friday ,15 December
BP plan to buy Australian petrol pump network blockedGMT 14:54 2017 Monday ,27 November
Belarus nuclear power plant stirs fears in Lithuania
Argentine peso starts to recover after two days of crashes
Buenos Aires - AFP
Argentina's peso began to recover on Friday as markets opened, making a tiny 0.68 percent gain after losing 20 percent of its value against the dollar over the previous twoTo partake in Beiteddine Festivals
Singer Bruni arrives in Beirut Sunday evening
Beirut - NNA
French renowned singer and supermodel, Carla Bruni, is expected to arrive this evening at Rafic Hariri International Airport in Beirut, accompanied by her husband, former French President Nicolas Sarkozy. BruniIn France
Microsoft to open 4 data centres
Paris - Al Maghrib Today
Microsoft is to open 4 data storage centers in France to meet strong customer demand for cloud computing, the head of the software giant's French operations told the Agence France-Presse onVAR in Champions League only from 2019-20 season
Moscow - AFP
UEFA are set to wait until next season before introducing Video Assistant Referees (VAR) in the Champions League, although they are still not ruling out having it in this season's final, president Aleksander Ceferin said on Friday. Ceferin has soFor $11.6 bn
Sanofi buys US haemophilia treatment firm
Paris - Al Maghrib Today
French pharmaceutical firm Sanofi said Monday it had reached an agreement to purchase US biotech company Bioverativ, which specialises in treatments for haemophilia and rare blood disorders, for $11.6 billion. Sanofi's chief executive Olivier Brandicourt said the acquisition "enhances itsParis show pays homage
To 'eternal style' of late Alaia
Paris - Al Maghrib Today
Two months after legendary designer Azzedine Alaia's sudden death plunged the fashion world into mourning, an exhibition in homage to the "King of Cling" opened Monday in his studios in Paris. The Tunisian-born designer, renowned for the way his clothes hugged the body, died suddenly in November aged 82, reportedly of heart failure after falling down the stairs at his home. The diminutive maverick, who ignored fashion week convention by showing when and where he wanted, in July produced his first couture collection in six years to rapturous reviews. Now some of his most iconic dresses are going on display in the glass-roofed gallery next to his studio and home in the Marais district where he used to show his creations. It includes the dress worn by supermodel Naomi Campbell, his longtime friend and muse, when she led hisGMT 09:22 2018 Monday ,22 January
Skincare PR Performance Full Year 2017GMT 11:03 2018 Wednesday ,24 January
New hunt for flight MH370 gets under wayGMT 10:57 2017 Thursday ,21 December
Modern colorful bedroom renovationGMT 13:56 2018 Tuesday ,23 January
Puigdemont candidate for Catalan presidentGMT 10:47 2018 Wednesday ,24 January
Turkey detains dozens moreGMT 10:46 2018 Tuesday ,16 January
The Rake announces editorial updatesGMT 11:51 2018 Tuesday ,23 January
Europe brings on charm and blue skiesGMT 10:46 2017 Tuesday ,19 December
For the Variety of Interior Design StylesGMT 13:44 2018 Monday ,22 January
US Christian tourists see deep meaningGMT 10:03 2018 Tuesday ,23 January
Amazon to open first cashierless shop
GMT 18:33 2018 Tuesday ,23 January
France says it fell short on greenhouse gas emissions
GMT 15:02 2017 Tuesday ,18 July
Singapore voids marriage after husband's sex change: report
GMT 19:29 2017 Friday ,17 November
New Orleans abuzz over 'secret' Serena wedding
GMT 08:13 2016 Wednesday ,25 May
Asia stocks surge on global rally as oil rebounds
GMT 18:19 2016 Sunday ,28 August
Turkey allows policewomen to wear hijabGMT 12:04 2012 Wednesday ,07 March
6 Music animation draws on 10 years of eclectic radioGMT 12:33 2011 Sunday ,03 July
Floods damage homes, disrupt traffic in Denmark
GMT 11:36 2017 Saturday ,11 February
In China, bike-share apps race for glory
GMT 13:31 2015 Friday ,09 October
Taylor Swift graces cover of GQGMT 18:51 2012 Monday ,30 April
9 ways to impress your manGMT 01:27 2011 Thursday ,29 September
Tough times ahead for hard news
GMT 11:58 2014 Tuesday ,27 May
Lancôme unveils limited edition make-up collectionGMT 19:10 2012 Thursday ,10 May
Don\'t neglect your feetGMT 16:00 2011 Wednesday ,23 November
Billboards teach wildlife trade laws in Malaysia
GMT 05:46 2017 Thursday ,04 May
Prince Mishaal bin Abdulaziz passes away
GMT 02:16 2015 Tuesday ,09 June
Clint Eastwood's 'Jenner somebody' joke to be cut from TV
GMT 05:50 2016 Sunday ,30 October
TV show to promote Dubai as top Arab ‘make-over’ destination
GMT 20:39 2016 Monday ,30 May
FILA Korea Launches New Collections in Mega Shops Across KoreaGMT 13:54 2011 Tuesday ,20 September
Al-Jasmi to perform on UAE National Day
GMT 14:40 2011 Tuesday ,19 April
Toshiba cuts operating profit outlook on quake
GMT 18:56 2017 Thursday ,31 August
Oxlade-Chamberlain joins Liverpool from Arsenal
GMT 22:46 2016 Thursday ,07 July
Minnesota police response in fatal shooting appears excessive: governorGMT 13:37 2012 Monday ,20 February
Parrot Zik headphones by Phillipe StarckGMT 09:13 2012 Thursday ,15 March
Michelle Williams pretty in pink
GMT 18:49 2016 Tuesday ,27 September
Egypt seeks upgrading employment system
GMT 11:18 2014 Friday ,17 October
All-electric Italian supercar project
GMT 19:26 2017 Monday ,06 March
Mosul-Tal Afar road taken by Iraqi forces
GMT 10:36 2017 Wednesday ,08 February
Morocco’s Internet Users Total 17 Millions in 2016
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
Send your comments
Your comment as a visitor