Daily Management Review

Shell's profit grew to $ 1.9 billion in Q2


Anglo-Dutch oil company Royal Dutch Shell PLC said on Thursday that its net profit in the second quarter increased to $ 1.9 billion.

Shell explained the jump in profits by a sharp increase in the amount of cash, which indicates that the company continues to adapt to lower oil prices.

The quarterly profit of the Anglo-Dutch oil giant at the current cost of supply - a figure similar to the net profit reported by US oil companies - rose to $ 1.9 billion compared to $ 239 million in the same period last year.

Revenue increased amid the fragile recovery in oil prices, although impairment, associated with the liquidation of some of the divisions, weakened the overall profit.

Cash flow from operations - a key indicator for investors and analysts who are worried about dividends, as oil prices began to decline in 2014 - soared to $ 11.3 billion.

Shell said that over the past 12 months, the company received $ 38 billion in cash from its business, which is enough to cover dividend payments and reduce debt.

The company said it intends to maintain strict discipline in respect of capital in the future, as the forecast of oil prices remains volatile.

source: reuters.com

Science & Technology

Credit Suisse: China will become the leader in AI sphere

Five new technologies that will change the world

Over 500 Genes Impacting Intelligence Identified By Scientists

MIT Scientists Say It Could Be Just 13 Years For Commercialization Of Nuclear Fusion

Apple patents MacBook with a keyboard screen

Vero: An Instagram killer?

Wacky Weather Causes ‘Split In The Polar Vortex’

Smart And Adaptive Artificial Eye Developed By Researchers At Harvard

NASA’s Mars Mission To Make Use Of Cold War-Era Atomic Rockets

Israel Completes Mars Habitat Simulation Experiment

World Politics

World & Politics

Ten world's largest importers of weapons

Christine Lagarde: there’s no winner in trade wars

10 best countries for freelancers

Alarming Concerns Or Driving Force Towards Green Energy? – Bitcoin Growth Comes At Environmental Cost

Catalan authorities refuse to greet the King of Spain

Ten Top Politicians To Be Investigated By Greek Parliament On Charges Of Taking Bribes From Novartis

The cloudy future of Saudi Arabia

Australia To Welcome Britain On The Latter’s Interest In Joining TPP