Companies / United Kingdom
Shell Beats Analyst Estimates With Q3 Results
October 2006 | Company Finance AlertAnglo-Dutch major Royal Dutch Shell has posted a 4% fall in its Q3 current cost of supply (CCS) net profit but underlying profit has risen sharply, well exceeding analyst expectations. A combination of increased output levels and higher income from refining activity contributed to underlying profit climbing to US$7.03bn from US$5.8bn in Q3 2005. This exceeds Bloomberg analyst survey estimates of US$5.6bn by a wide margin.
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