Royal Dutch Shell and other world’s leading oil companies have published a bumper crop in profits last year as rising crude prices helped turn their fortunes around.
Shell’s net profit in 4th Quarter tripled in 2017 from $1.8 billion to $4.3 billion. The full-year net profit, came in at $15.8 billion in 2017 — an increase of 119 percent from the year earlier.
ExxonMobil, Chevron, BP, Royal Dutch Shell and Total also reported similar rising profits.
French giant Total saw its bottom line jump by more than a third, ExxonMobil’s fourth-quarter earnings rose nearly five-fold, Norway’s Statoil swung back into the black and BP’s profits soared.