Royal Dutch Shell ( RDSB) posted a 36% profit jump for the second quarter as high oil prices flowed to the bottom line.Earnings rose to $6.31 billion from $4.65 billion a year earlier. Cash flow from operating activities was $7.8 billion compared to $6.3 billion a year ago. Excluding working capital movements and taxation effects, cash flow from operating activities was $11.9 billion compared to $8.7 billion a year ago. "These results are underpinned by overall good operational performance and not simply high energy prices," said CEO Jeroen van der Veer. "We are delivering our strategy, with ambitious growth plans upstream, and selective investment downstream. We plan to open up some 20 billion barrels of oil equivalent resources by the end of this decade. We are making steady progress on our projects, and building our portfolio for the future." The company said its dividend was up 9% from a year ago and that it bought back $2.5 billion worth of stock during the latest quarter. The company said capital spending is set at $19 billion for this year and $21 billion for next. "We are making good progress on our projects in Downstream," van der Veer said. "We have taken the final investment decision on the expansion of our petrochemicals capacity at Bukom in Singapore, which is Shell's largest refinery. The Motiva joint venture continues to study the opportunity to expand our refining capacity at Port Arthur, to create one of the largest refineries in the United States."