LONDON: Royal Dutch/Shell Group, the world’s second largest oil firm, reported a consensus-beating 51% rise in second-quarter profits yesterday, but disappointed the market somewhat by saying it would not buy back any more of its own shares this year.
Shell is the first of the world’s top three oil companies to report second-quarter results. World leader ExxonMobil Corp and No. 3 BP plc will follow next week.
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