Shell outpaces beleaguered BP

Shell says profit almost doubled in the second quarter as the oil company benefited from corporate restructuring and higher prices for its fuel.

Shell

Net income jumped 94% to $4.53bn (£2.9bn) in the three months to 30 June.

Shell’s performance contrasts sharply with rival BP’s.

The beleaguered company reported a £17bn loss for the second quarter earlier this week.

BP has set aside £32bn to pay for the Gulf of Mexico oil spill.

Shell has upped its marketing effort in the weeks following the oil spill.

It has run a press campaign to highlight its global energy projects and position itself as a responsible corporate citizen.

It has also just launched its biggest marketing campaign for a decade that positions its petrol stations as a friend of the fuel efficient motorist.

In contrast, BP’s petrol stations have been the target of an orchestrated campaign by Greenpeace that resulted in several being closed earlier this week.

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