Thursday, May 4, 2017
Big oil company Shell; is bouncing back in profits as oil makes comeback
For the longest time big oil giants like Shell, Valero, and Exxon mobile have been experiencing decreasing profits and revenues due to the global price of crude oil falling. Shell recently reported a sharp increase in their net profits as a whole. Besides just the rising profits, their have been expected to have better than recent cash generation, a factor that is becoming increasingly important in the field of work. Shell's enormous cash flow from all the different operating activities is has grew to $9.5 billion, which was up from $700 million in the first quarter of 2016, which is an enormous amount of growth that the company experienced.
https://www.wsj.com/articles/shell-profits-soar-as-oil-sector-bounces-back-1493880043
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