Royal Dutch Shell reported a profit of more than $3.4 billion in the second quarter of 2021 compared to an $18.1 billion loss in the same quarter of last year, according to its financial results statement released Thursday.
However, the company's second-quarter income was over 39% lower than its $5.7 billion earnings during the previous quarter.
Shell increased its gains by 150% in the first half of the year compared to the same period of last year. It had recorded an $18.2 billion loss during the January-June period of 2020 relative to a $9.1 billion gain in the first half of 2021.
The company's revenue for the April-June period was $60.5 billion, up from about $32.5 billion in the same quarter of 2020 and up from $55.6 billion during the last quarter.
'Although volatility in commodity prices and demand recovery might still continue for some time, we are confident in the strength of our cash generation potential,' Ben van Beurden, Shell CEO, was quoted as saying in the statement.
By Firdevs Yuksel and Sibel Morrow