Shell Oil Makes £1.5 Million in Profits ... an Hour

Shell has produced a stunning financial performance over the second quarter of the year with profits soaring by 20% to $7.6bn (£3.7bn) on the back of very high refining margins and despite a fall in production. The record results – amounting to some £1.5m an hour – underlined Shell's current supremacy over arch-rival BP which barely lifted its profits when measured on the same basis.

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