Shell Annual Profit Rises Up To $18.6bn

The giant oil company Shell has reported a double profit this year, rising from $9.8bn to $18.6bn.


This rise in profits is a result of the rising oil prices and output. Peter Voser, the chief  executive of the company has recently said that there is more to come. Throughout this year, the acquisitions that the company has made reached $7bn and invsetments in exploration has reached $3bn. 


For the coming year, the oil giant is planning $25bn in capital spendings. At the same time, Shell also produces as much gas as it produces oil.