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10

Shell Reported Another Increase in Profit

Royal Dutch Shell has reported another increase in three-month profits thanks to rising oil prices

Royal Dutch Shell has reported another increase in three-month profits thanks to rising oil prices, BBC reports.

April to June profits came in at $7.9bn on a current cost of supply basis, which is 4.6% up on the same period of 2007.

Shell said high oil and gas prices had made up for difficult conditions facing its petrol stations and refineries.

There was no mention of the effects of the four day strike by tanker drivers that disrupted supplies in June.

The drivers eventually accepted a 14% rise in pay over two years.