Shell

Prices at pump surge as Shell fills up

SHELL continued to leave rival BP trailing in its wake as second quarter profits rocketed by 77pc to £4.9bn. The large pre-tax figure smashed earnings of £4.2bn last year and means the Anglo-Dutch oil firm made an average £32.5m per day. Shell's vast improvement came despite a 2pc fall-off in production, as persistently high oil prices caused by political unrest in the Middle East helped swell the company's coffers. A barrel of Brent Crude sold for a little more than $118 yesterday, compared to $76 a year ago. But chief executive Peter Voser warned that the company's massive profits did not mean...
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