Anglo-Dutch supermajor Shell has posted a “current cost of supply” earnings result of $7.85 billion, or 12 percent better year-on-year on the strength of high oil prices.

The result came on production of about 3.52 million barrels of oil equivalent, or about 10,000 boepd more than a year ago.

Company earnings per share rose 27 percent year-on-year to $1.47, and the Shell board said a $0.40 dividend would be paid.

Tags: Royal Dutch Shell plc