30.04.2015 - Royal Dutch Shell increased its profit
The company Royal Dutch Shell on Thursday reported an increase in profits in the first quarter, despite a fall in revenues and despite lower oil prices. As a result, the company's profit totaled 4.16 billion dollars, while revenue fell to 65.7 billion, against 109.66 billion US dollars in the same period of the last year. Cost reduction has allowed the company to end the quarter with an increase in profits. Business diversification allowed the company to partially neutralize the negative effect of falling oil prices. Given the aggressive investment policy and financial growth, we expect the company's shares to increase in price by 20-23% per year.