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The British-Dutch oil company, Royal Dutch Shell, following the results of the third quarter, reported about the growth of adjusted profit by 51% in annual terms to 5 billion 570 million dollars. The indicator includes changes in production costs. Its growth was due to an increase in oil prices and strong quarterly results in exploration and production. Experts had expected an even more significant growth rate – up to 5 billion 770 million dollars. During the earnings period, the company increased its net profit by 43% compared to the same period in 2017 to 5 billion 839 million dollars. Revenues amounted to 100 billion 200 million dollars, an increase of 32%. In 9 months from the beginning of the year, the adjusted profit increased by 83%, net profit – by 94%.
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, ...
China’s industrial firms had seen an increase in profits for two consecutive months. This came as the most rapid pace ever recorded in over a year, suggesting that the country’s recuperation from the novel coronavirus pandemic ...
American multinational automaker Ford Motor Co. (F.N) announced on Thursday that its vehicle sales increased by 3% from April to June in mainland China. It would be the first time that the company's first quarterly sales rose in the world's ...
Germany’s contribution to the European Union’s budget would rise by 42% or 13 billion Euros ($14.63 billion) annually in the coming years, the German national daily newspaper Die Welt reported on Monday. Government calculations ...
Global shares advanced on Monday after an unexpected recovery in U.S. employment. This made investors optimistic that global economies could recuperate faster than previously thought. Oil prices fell flat after OPEC and its allies, including ...
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