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Shell boss to retire next yr as Q1 beats profit forecast
by Cals Thu 02 May 2013, 17:59
Shell boss to retire next yr as Q1 beats profit forecast
Business & Markets 2013
Written by Reuters
Thursday, 02 May 2013 14:37
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LONDON, May 2 - Europe's top oil company Royal Dutch Shell said on Thursday that its chief executive since 2009, Peter Voser, would retire next year as it reported first quarter results that beat expectations.
Shell, the last of the western world's top four oil companies to report results, joined its peers in delivering a result that topped market expectations, thanks in part to strong refining and trading performances, and despite production troubles in Nigeria.
Adjusted net profit on a current cost of supply basis rose to $7.5 billion in the quarter from $7.3 billion a year ago and compared with expectations of around $6.5 billion.
Business & Markets 2013
Written by Reuters
Thursday, 02 May 2013 14:37
A + / A - / Reset
LONDON, May 2 - Europe's top oil company Royal Dutch Shell said on Thursday that its chief executive since 2009, Peter Voser, would retire next year as it reported first quarter results that beat expectations.
Shell, the last of the western world's top four oil companies to report results, joined its peers in delivering a result that topped market expectations, thanks in part to strong refining and trading performances, and despite production troubles in Nigeria.
Adjusted net profit on a current cost of supply basis rose to $7.5 billion in the quarter from $7.3 billion a year ago and compared with expectations of around $6.5 billion.
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