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Shell: net profit -10%, but the title gains 3%

Royal Dutch Shell shares gain 3% in London, on first-quarter data release – Net profit drops 10% to $9,89 billion, while adjusted earnings rise 15,7% to 7,28 billion – In 2012 the company will have excess liquidity of 4 billion.

Shell: net profit -10%, but the title gains 3%

Royal Dutch Shell's net profit drops by 10% to 9,89 billion dollars, but, after the first quarter results, the stock climbs 3% in London. It was the action of the oil giant that pushed the stock market adjusted net profits, which therefore excludes extraordinary charges and inventory changes, which jumped by 15,7% to 7,28 billion euros. Revenue stood at $119,92 billion, up 9%.

In 2012 Shell, according to a statement released by the company, will have excess liquidity of $4 billioni, thanks to the sale of some assets, a much higher share than previously forecast, of 2-3 billion dollars. 

 

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