Shell announces huge rise in profits

Shell announces huge rise in profits

Oil giant Royal Dutch Shell today joined the profits bonanza from record prices with a 71% jump in third-quarter earnings.

The firm made a mammoth $10.9bn (€8.27bn) between July and September – a period when oil prices hit a peak above 147 dollars a barrel.

The news, which is likely to spark fresh calls for a windfall tax, comes two days after rival BP posted its biggest-ever quarterly profits of £6.4bn (€8.04bn).

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