Oil giant Royal Dutch Shell has posted a 6.5 per cent rise in third quarter net profits on the back of higher oil and gas prices.
Net profits rose to $3.46 billion, up from $3.25 billion a year earlier. Group revenues were $90.71 billion, compared with $75.01 billion the previous year.
Due to new field start-ups, total oil and gas production rose by five per cent to 3.058 million barrels of oil equivalent per day, beating analysts’ expectations of a 3.4 per cent rise.