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Shell Profits Soar as Big Spending Starts to Pay Off
Oct. 27, 2011 07:20PM PST
Resource Investing News 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.
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