Royal Dutch Shell has reported net profit of $6.9 billion for the third quarter of 2007, compared to $5.9 billion in Q3 2006.
The company has announced a third quarter dividend of $0.36 per share, an increase of 14% over the US dollar dividend for the same period in 2006.
However, Shell’s basic current cost of supply (CCS) earnings per share decreased by 6% versus Q3 2006.
Jeroen Veer, CEO of Royal Dutch Shell, said: Given the weaker industry refining margins we have seen in the quarter, these are satisfactory results, underpinned by Shell’s operating performance. We continue to rejuvenate our portfolio with sustained investment in new legacy assets and through disposals. I am pleased with progress during the quarter, with the launch of new refining and liquefied natural gas projects and further asset sales. The execution of our strategy is on track.