Shell beats Q3 expectations with 50% rise in profit

[LONDON] Royal Dutch Shell beat analysts' expectations for third-quarter earnings on Thursday, reporting a roughly 50 per cent rise in underlying net profit.

Net income attributable to shareholders, based on a current cost of supplies (CCS) and excluding exceptional items, came to US$4.1 billion, compared with a company-provided analysts'consensus of US$3.62 billion.

That was up from net income of US$2.72 billion a year earlier.

REUTERS