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Shell beats Q2 expectations as downstream business shines

Reuters - UK Focus

LONDON, July 27 (Reuters) - Royal Dutch Shell (LSE: 0LN9.L - news) more than tripled profit for the second quarter compared with a year ago, ahead of analysts' expectations, boosted by its refining and chemicals business.

Current cost of supplies (CCS (Shanghai: 600180.SS - news) ) excluding exceptional items, the company's way of measuring profit, rose 245 percent to $3.6 billion, compared with a company-provided analyst consensus of $3.15 billion.

Shell (LSE: RDSB.L - news) also reduced its debt to equity ratio which fell to 25.3 percent, down from 28.1 percent a year ago. (Reporting by Karolin Schaps and Ron Bousso; Editing by Edmund Blair)