Shell profits up 50 percent on oil price

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Oil giant Royal Dutch Shell has seen its quarterly profits jump by nearly 50 percent thanks to higher oil prices.

The Anglo-Dutch company said profits for the first three months of the year were $4.9bn (£3.2bn) - up 49 percent on the same period last year.

Shell said higher energy prices and growth in its business had helped boost profits from "low levels" seen at the end of last year. Profits for the last three months of 2009 were $1.2bn.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

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