Shell reports 46% profit rise for last quarter

Anglo-Dutch oil giant Shell reported a 46% rise in profits for the last quarter today after benefiting from higher oil prices.

The group said profits for the three months to December 31 jumped to $2.78bn (€€2.57bn), helped by the average oil price rising to $26.80 (€24.80) a barrel compared with $19.40 (€17.95) in the same period the previous year.