The Anglo-Dutch supermajor saw first-quarter earnings on a current cost of supplies basis increase 49% to $4.9 billion, up from $3.3 billion a year ago.
Chief executive Peter Voser said the company had relied on its “own actions” in posting the improved results, though a 74% increase in the oil price also contributed.
Voser said: “Our results have improved considerably compared with year-ago levels, and our profitability has increased from the low levels we saw in the fourth quarter of 2009.”
Voser
