Royal Dutch Shell, Europe's largest oil company, reported a $31.3 billion yearly net profit on Thursday, due to divestments and higher oil prices. It represented a 23 percent rise from last year's figure of $24.4 billion, while sales rose 12 percent to $356 billion.The results came on the back of a 60 percent rise in fourth-quarter net profit of $8.47 billion, up from $5.28 billion. Sales for the final quarter rose to $107 billion from $75.5 billion despite a fall in production.
At its production operations, Shell's profit rose 38 percent to $4.87 billion.
The Anglo-Dutch company's production was 3.4 million barrels of oil and equivalents per day, down 5.5 percent from 3.6 million in the same quarter a year ago.
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