The first quarter of 2017 was very favorable to the anglo-Dutch Shell. That's because the company has said that its profits increased in the first three months of the year reaching U $ $3,538,000,000.
In a statement, the company said earnings growth was driven by the notable improvements in exploration and production of oil. In addition, the oil company reported that it was able to reduce debts and that's been keeping in your working plan of divestiture in order to strengthen the economic balance sheet of the company.
The exploration and production of oil and gas rose 2 percent to 3,752,000,000 barrels, with the help of increased production in new wells in Brazil and in Kazakhstan.
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