Royal Dutch Shell Shell doubles profits but faces multibillion-dollar Dutch quake bill Damage claims over tremors linked to Dutch gasfields clouds strong earnings for 2017 Shell’s earnings for 2017 were put at $15.8bn, up 119% on 2016. Van Beurden said: “We are talking about multibillion-dollar potential bill for years to come because these earthquake will continue to occur unfortunately. It now stands at $69 per barrel, buoyed by strong demand, restrained investment by oil firms and production curbs by oil cartel Opec. “We are done in Alaska, we will not return to offshore Alaska,” said Van Beurden. Shell defended the $1bn-$2bn annual budget it has committed to its new energies division, with Van Beurden saying it was “pretty modest” but “not a pittance”.

Source: The Guardian February 01, 2018 14:37 UTC