Shell’s Profit Rises as Pivot to Gas Pays Off

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Shell’s Profit Rises as Pivot to Gas Pays Off
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Shell reports higher profit, demonstrating the energy giant’s resilience to weak energy prices thanks in part to its big bet on natural gas

LONDON—Royal Dutch Shell PLC’s profit rose in the third quarter, demonstrating the energy giant’s resilience to weak energy prices thanks in part to its big bet on natural gas.

Shell on Thursday reported profit on a net current cost-of-supplies basis—a figure similar to the net income that U.S. oil companies report—for the three months ended Sept. 30 of $6.08 billion, compared with $5.57 billion in the year-earlier period.

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