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    Bloomberg: Shell Profit Rises on Higher U.S. Oil and Gas Prices

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Royal Dutch Shell Plc said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production.

by: Sruthi

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Bloomberg: Shell Profit Rises on Higher U.S. Oil and Gas Prices

Royal Dutch Shell Plc (RDSA), Europe’s biggest oil company, said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production.

Profit excluding one-time items and inventory changes gained to $6.1 billion from $4.6 billion a year earlier, The Hague-based Shell said today in a statement. That beat the $5.6 billion average estimate of 18 analysts surveyed by Bloomberg.

“Our assumption is that improved pricing and reduced Americas losses will see a marked uptick in year-on-year profits,” Lucas Herrmann, a London-based analyst at Deutsche Bank AG, said before the earnings release.
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