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Shell outpaces Exxon in Q4 with US$1.8b profit, strong cashflow

Anglo-Dutch giant shows signs it's turning a corner after spending cuts, divestments, job cuts
Friday, February 3, 2017 - 05:50

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"Our strategy is starting to pay off," chief executive officer Ben van Beurden said. With BG Group's operations fully integrated, Shell's full year production rose by nearly a quarter from a year earlier.

London

SHELL made more money than Exxon Mobil in the second half of 2016, despite the Anglo-Dutch oil major's annual profit hitting its lowest level in more than a decade as it grappled with a deep downturn.

Europe's largest oil and gas company showed stronger signs that it was

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