At $21.4 bn, Royal Dutch Shell's 2018 profits jump to 4-year high in 2018

Royal Dutch Shell's profits jumped by more than a third in 2018 to $21.4 billion, the highest since 2014, as the oil and gas producer vowed to stick to spending discipline.

The Anglo-Dutch company also reported a sharp rise in cash generation, in a further sign that cost savings since the 2014 downturn are filtering into its operations. "We delivered on our promises for the year, including the completion of the $30 billion divestment programme and starting up key growth projects while maintaining discipline on capital investment,".

This article is no longer available in our repository.

There could be multiple reasons for this.