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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

"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.


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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