Deals
Shell Earnings Beat Analyst Estimates as Voser to Stand Down
This article is for subscribers only.
Royal Dutch Shell Plc, Europe’s biggest oil company, reported a surprise increase in first-quarter profit and Chief Executive Officer Peter Voser said he will stand down next year.
Profit excluding one-time items and inventory changes rose 3 percent to $7.5 billion from a year ago, The Hague-based Shell said today in a statement. That beat the $6.4 billion average estimate of 12 analysts surveyed by Bloomberg.