Shell sees Q3 profit double as prices soar

ROYAL Dutch Shell, Europe’s biggest oil company, said third-quarter profit doubled as energy prices rose and it ramped up projects from Qatar to Canada.

Net income increased to $7 billion (€4.99bn) from $3.5bn a year earlier, the Hague-based company said yesterday in a statement.

Excluding one-time items and inventory changes, earnings beat analyst estimates.