EnergyWatch

Maersk's oil business roars ahead

The first three months of the year brought growth in both revenue and earnings to Maersk Oil, which can thank the rise in oil prices.

Photo: /ritzau/CLAUS BONNERUP

Maersk Oil succeeded in boosting earnings and securing a profit in the first quarter 2017.

The oil business exited the first three months of 2017 with revenue of USD 1.375 billion (EUR 1.264 billion), which is a solid increase compared to the same quarter in the year prior, when the company's saw the oil division's sales come to USD 1.03 billion.

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