Mubasher: Royal Dutch Shell on Thursday stated that its profits soared 197% in the third quarter of 2017, compared to the year-ago period.
The company’s profits reached $4.1 billion in Q3-17, compared to $1.4 billion in Q3-16, according to a statement.
The multinational firm attributed the increase in its profits to a rise in oil prices.
Year-on-year, Shell said that cash flows from operating activities slid 11% to $7.6 billion, from $8.5 billion.
Royal Dutch Shell distributed cash dividends total $4 billion in Q3-17.
