Oil giant Shell announce profits boost

Shell has announced a profits boost. Credit: Anna Gowthorpe/PA Wire/Press Association Images

Oil giant Shell has announced bumper profits today of just under eight billion US dollars (£5.1 billion) for the first quarter of 2013.

It represents an increase of 4% from one year ago, while share prices also rose in the new figures.

The Anglo-Dutch company has weathered volatility in energy markets, including a recent drop in oil prices, with improved profits from refining and trading.