Shell sold its oil at a significantly lower price last quarter than in previous months, but its profit remained unchanged.
Unlike industry peer BP, which announced earlier this week that it would only retain a fraction of its billion-dollar profit, London-based Shell made about the same profit as a quarter earlier and the same period last year. At that time, oil prices were significantly higher.
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Better sales of liquefied natural gas (LNG), among other things, helped Shell maintain income. The oil and gas company also suffered less from one-off costs, such as depreciation and reorganization.
Operating profit from July to September amounted to $6 billion. That was much more than expected and only slightly less than the $6.3 billion in the previous quarter and the $6.2 billion a year earlier.
