Source: www.reuters.com
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LONDON (Reuters) - Shell reported on Thursday a sharp rise in fourth-quarter profits to $6.4 billion, beating forecasts, lifted by soaring oil and natural gas prices as global economic activity picked up.
Fourth-quarter 2021 adjusted earnings rose by 55% from the previous quarter, above an average analyst forecast provided by the company for a $5.2 billion profit. That compares with earnings of $393 million a year earlier.
For the year, Shell’s adjusted earnings rose to $19.3 billion, compared with $4.85 billion in 2020.
Reporting by Ron Bousso; Editing by Jan Harvey
