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Royal Dutch Shell Reporting Profits More Than Doubled In Q4 Last Year

Royal Dutch Shell Reporting Profits More Than Doubled In Q4 Last Year

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Royal Dutch Shell has reported profits more than doubled in the fourth quarter of last year, despite the group taking a $2bn charge related to President Donald Trump’s US tax reforms. A recovery in oil prices coupled with steep cost cuts after a three-year downturn are fuelling a resurgence in cash flow and profitability at Shell and other oil and gas majors.