Shell fuel card news: Shell announces profits hike
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29 July, 10 Energy giant Royal Dutch Shell has revealed that its second-quarter profits have increased by 15 per cent due to persistently high oil prices and a major overhaul of the company's corporate structure. The firm announced this week that it raked in $4.39 billion (£2.8 billion) in net income over the past three months, up from $3.82 billion at the same point last year, while upstream earnings were boosted by 34 per cent thanks to buoyant oil trading. "I am pleased with the results in the second quarter [of] 2010. We are putting the priority on a sharper delivery of our strategy, aiming for profitable growth and a more competitive performance from Shell," said chief executive Peter Voser. Mr Voser claimed the group is delivering major savings as part of its recent efficiency drive and remarked that the cost of oil has "remained firm" so far in 2010. Earlier this year, Shell and rivals BP and Total unveiled details of record first-quarter profits. Improve the efficiency of your business and your fleet with the Shell fuel card. Posted by James Richmond  |
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