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Shell’s profits pass $43bn after production hits new highs in Brazil and Gulf of Mexico

Oil company plans to buy back shares for 16th consecutive quarter as protesters say its earnings are ‘horror show’Profits at Shell have climbed to more than $43bn for the year so far after fossil fuel production in the Gulf of Mexico reached a 20-year high and production in Brazil set a new record.The oil company reported better than expected earnings of $5.4bn for the third quarter, a 27% increase on the $4.3bn in the previous three-month period – but lower than the $6bn recorded over the same period a year earlier. Continue reading...


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