Court testimony details Shell earnings, profits

(The Associated Press)

Financial details of Shell’s vast oil and gas trading business are some of the company’s closest-held secrets.

However, testimony by a former head of Shell’s U.S. crude trading division filed in a Texas state court has offered a rare look at the huge profits of its trading operations and the multimillion dollar bonuses bestowed on traders.

Documents filed in the lawsuit revealed Shell’s U.S. crude trading regularly earns around $1 billion every year. Read more from Reuters.