Royal Dutch Shell said Thursday that net profit jumped 43 percent in the third quarter, energised like its competitors by rising oil and gas prices. Profit after tax leapt to $5.84 billion (5.15 billion euros) in the three months to September from $4.09 billion in the same period of 2017, the Anglo-Dutch energy giant said in a statement.
Production however declined two percent to 3.596 million barrels of oil equivalent per day amid the group's ongoing asset disposal strategy. Profit on a current cost-of-supplies (CCS) basis - which strips out changes to the value of its oil and gas inventories - gained 37 percent to $5.6 billion in the third quarter. Revenues increased 32 percent to more than $100 billion.