Deals
Shell Profit Beats Estimates as Asset Sales Target Raised
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Royal Dutch Shell Plc, Europe’s biggest oil company, reported first-quarter earnings that beat estimates, and raised a target for asset sales this year.
Excluding one-time items and inventory changes, Shell posted profit of $7.28 billion, compared with the $6.7 billion average estimate of eight analysts surveyed by Bloomberg. The shares rose the most since November in London trading.