The full-year result rises to four years high
Andrey Rudakov | Bloomberg | Getty Images
Royal Dutch Shell Products in Torzhok, Russia.
The oil giant Royal Dutch Shell reported better than expected full-year results in Thursday, when deep cost reductions were introduced after the decline in the energy market in 2014 was filtered through. 19659005] div> div.group> p: first-child "/>
Throughout the year, the jump deserves 36 percent to $ 21.4 billion in 2018 – with cost savings that help the English-Dutch firm achieve its highest annual profit since 2014. [19659006] Net income attributable to shareholders at a current cost of supply products (CCS), used as a proxy for the net profit and excluding identified items, came in at $ 5.7 billion, compared to a consultation convention of 5 , $ 28 billion for the last three months of 2018, according to Reuters.
"Shell delivered a very strong economic development in 2018, with cash flow from operations of $ 49.6 billion, excluding working capital certificates," said Royal Dutch Shell CEO Ben van Beurden, a statement published on Thursday
"We will continue with a strong delivery focus in 2019, with a disciplined approach to capital investment and increasing both cash flow and returns. Our strategy for delivering a world-class investment class works, "he added.
