30 Jan 2009

Shell profit boosted by high prices

7:02 am on 30 January 2009

Royal Dutch Shell has seen its profit rise due to higher oil prices in the first half of the year.

Profit rose 14% to $US41.4 billion for 2008.

But a slump in oil prices from a record $US147.27 per barrel to under $US50 per barrel towards the end of the year saw a sharp drop in its December quarter earnings.

Profits fell 28% to $US4.8 billion.