Shell Profits Soar as Big Spending Starts to Pay Off

- October 27th, 2011

Rigzone reported that Shell’s (NYSE:RDS.A) adjusted profit for the quarter three surged 42 percent due to strong oil and climbing natural gas prices.

Rigzone reported that Shell’s (NYSE:RDS.A) adjusted profit for the quarter three surged 42 percent due to strong oil and climbing natural gas prices.

As quoted in the market news:

The results reveal that the company is reaping rewards for heavy investment in new infrastructure, some of which enables it to turn less valuable hydrocarbons like natural gas and oil sands into high quality transport fuels and lubricants.

Click here to read the full Rigzone report

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