Profit of the British-Dutch oil and gas company, Royal Dutch Shell Plc, increased 2.4 times in the fourth quarter of 2018, or 138%. The company earned $7.334 billion in the quarter against $3.082 billion a year earlier. In the third quarter, Shell was able to get $5.57 billion. The company achieved such a result thanks to an increase in gas and oil prices. Shell's net profit jumped 47% to $5.59 billion. In 2018, the oil giant increased its adjusted profit 2 times or 97% to $23.833 billion instead of $12.081 billion a year earlier. The company has increased profits in all divisions, including processing, gas business and exploration. Gas and oil production increased by 1% to 3.788 million barrels.
On Friday, the Chinese technology company ByteDance said that it would consider listing its domestic businesses in Hong Kong or Shanghai due to rising Sino-U.S. tensions. The company's standalone listing in Hong Kong or Shanghai might value ...
On Friday, Caterpillar Inc (CAT.N) announced a lower second-quarter profit because of the recession caused by the coronavirus outbreak. The decline was due to lower sales volume and changes in dealer inventories. During the second quarter ...
On Thursday, the United States’ Gross Domestic Product (GDP) suffered the biggest economic decline in the second quarter as the surge of coronavirus cases affected the whole country. The U.S. government decided to shut down restaurants, ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
The second quarter had seen Australian consumer prices dropping by a record. This could be attributed to the coronavirus crisis dragging child care cost and petroleum prices, inflicting a serious damage to years of growth toward higher inflation. Last ...