By Justin Scheck and Rory Gallivan
LONDON-- Royal Dutch Shell PLC on Thursday reported a rise in
fourth-quarter profit, showing how it is resisting slumping oil
prices, which have fallen more than 50% since the middle of last
year.
The giant Anglo-Dutch oil company's quarterly profit on a
current cost-of-supplies basis--a metric similar to the net profit
reported by U.S. oil companies--was $4.2 billion, compared with
$2.2 billion in the same period last year.
For the full year, the current-cost-of-supplies profit was $22.6
billion, up from $19.5 billion in 2013.
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