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Shell profits triple but low oil prices mean it’s remaining ‘very disciplined’

July 27, 2017

Via: CNBC

Europe’s largest oil firm Royal Dutch Shell beat analyst expectations on Thursday, reporting profits for its second quarter that were three times larger than at this time last year.

Here are the key second-quarter metrics:

Revenue: $72.13 billion vs. expected $67.78 billion, according to Thomson Reuters

Net profit (on a current cost of supplies (CCS) basis) $3.6 billion, up 245 percent from $1 billion for the second quarter of 2016.

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