Royal Dutch Shell is forecast to have doubled its annual profits thanks to a resurgent oil price.
Brent crude has soared by 55% since June to more than $70 a barrel last week — a level not seen since the 2014 crash.
The surge is expected to have lifted Shell’s earnings from $7.2bn to $15.7bn last year, according to a consensus of analysts’ forecasts published ahead of this week’s results.
The Anglo-Dutch giant has been cutting costs and reducing debt levels after its 2015 takeover of smaller FTSE 100 rival BG. Last year it sold a large chunk of its North Sea oil fields to private equity-backed Chrysaor for as much as £3bn.