Shell beats Q3 earnings expectations, appoints new chairman


Shell's Q3 core earnings came of US$5.8bil were above expectations, but were lower than in Q2 amidst weaker oil prices and lower oil production - EPA Photo.

LONDON: Royal Dutch Shell beat expectations with core earnings of US$5.8bil for the third quarter and maintained its dividend as both upstream and downstream divisions delivered strong results.

Europe's biggest oil company by market value also said it had appointed former chairman of Bank of America Charles Holliday as its chairman. Holliday will take over from current chairman and former boss of Finnish mobile firm Nokia, Jorma Ollila in 2015.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

NCT Group enters MoUs with Smartsel and Mikro
Pasukhas climbs 35% on contract news
Ringgit jumps 225 basis points at opening on mixed US economic data
Sustained buying interest boosts FBM KLCI
Trading ideas: Pasukhas, BHIC, JAKS, Protasco, Sarawak Cable, Epicon, Annum, Yinson, Ajinomoto
New warehouses poised to propel Tasco
Australian airport project expected to fuel PGF’s earnings
Epicon exits PN17 category
Duopharma’s new RM578mil contracts a positive
IOIProp to gain from higher wages

Others Also Read