02-11-2017 19:27 via uk.finance.yahoo.com

Shell beats third quarter expectations as profit jumps on refining

LONDON/AMSTERDAM (Reuters) - Royal Dutch Shellreported a near 50 percent rise in quarterly profits, driven by strong refining, while solid cash generation underscored the oil and gas company has adapted well to a world of low oil prices.The Anglo-Dutch company sharply boosted its cash generation in recent quarters as the effects of cost cuts and asset sales kicked in following Chief Executive Officer Ben van Beurden's preparations for "lower forever" oil prices following the 2014 downturn."Shell
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