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Shell 4Q net profit rises 60 percent to US$8.47 billion
Saudi Press Agency Published in Saudi Press Agency on 31 - 01 - 2008

Royal Dutch Shell PLC, Europe's largest oil company, reported Thursday
fourth-quarter profit rose 60 percent, due to divestments
and higher oil prices.
Net income was US$8.47 billion (¤5.73 billion), up from
US$5.28 billion, a company record in dollar terms. Sales
rose to US$107 billion (¤72.4 billion) from US$75.5 billion
despite a fall in oil production.
Chief Executive Jeroen van der Veer described the results
as «satisfactory» overall, noting that the company had
weak refining margins but «launched new (production)
projects ... and achieved exploration successes.»
Shares fell 1.3 percent to ¤23.77 (US$35.11) in Amsterdam, the Associated Press reported.

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