Royal Dutch Shell Third-Quarter Profit Rises 2.3% on LNG Income
Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, reported a 2.3 percent increase in third- quarter profit on higher earnings from its liquefied natural gas operations.
Net income rose to $7.14 billion from $6.98 billion a year earlier, The Hague-based Shell said today in a statement. Excluding one-time items and inventory changes, profit was $6.6 billion, beating the $6.3 billion average estimate of 13 analysts surveyed by Bloomberg.
LNG sales volumes of 4.97 million metric tons were 4 percent higher than a year earlier, mainly reflecting the contribution from the Pluto LNG project in Australia, according to the statement.
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