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Shell’s profit posts eye-catching rise in Q2

by ChemOrbis Editorial Team -
  • 28/07/2017 (22:23)
According to a release on the company’s website, Royal Dutch Shell announced its financial results for the second quarter of 2017. Accordingly, the company’s current cost of supplies (CSS), a way of measuring profit, jumped considerably by 245% in Q2 to $3.6 billion compared to the same period of last year and outpaced the economists’ expectations. This significant jump stemmed from the company’s stronger results from downstream due to improved operations and stronger chemicals and refining industry conditions.

Meanwhile, the company’s cash flow from operational activities reached $11.3 billion compared with $2.3 billion in the same quarter of 2016.
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