Royal Dutch Shell (RDSA)

 

Royal Dutch Shell helped by better oil prices

Royal Dutch Shell's (RDSA) income attributable to shareholders rose by 206% to $5,083m in the first half, boosted by better oil prices and its BG acquisition.

CCS earnings rose 403% to $5,301m.

Shell said the second quarter benefitted from higher contributions from Downstream, Upstream and Integrated Gas.

Royal Dutch Shell chief executive officer Ben van Beurden said cash generation has been resilient over four consecutive quarters, at an average oil price of just under $50 per barrel.

"This quarter, we generated robust earnings excluding identified items of $3.6bn, while over the past 12 months cash flow from operations of $38bn has covered our cash dividend and reduced gearing to 25%," he added.

At 8:05am: (LON:RDSA) Royal Dutch Shell share price was +11.5p at 2097.5p