
Shell recorded a third quarter boost thanks to its refining and natural gas assets.
The major operator’s profits rose 31% to $5.8billion compared to last year’s $4.5billion.
Shell managed to make the gain despite Brent prices tumbling 20% since the start of the year. BP and BG both slid on the back of the commodity fall.
Chief executive Ben van Beurden said: “Our results today show that we are delivering on three priorities I set out at the start of 2014 — better financial performance, enhanced capital efficiency and continued strong project delivery.”
Shell also confirmed chairman Jorma Ollila’s replacement. Charles Holliday, a member of Bank America’s board, will take over the leadership role at the start of next year.
Ollila will step down from the post after nine years of service.
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