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Royal Dutch Shell Third-Quarter Profit Rises 2.3% on LNG Income
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Royal Dutch Shell Plc, Europe’s biggest oil company, reported a 2.3 percent increase in third-quarter profit on higher earnings from its liquefied natural gas operations.
Net income rose to $7.14 billion from $6.98 billion a year earlier, The Hague-based Shell said today in a statement. Excluding one-time items and inventory changes, profit was $6.6 billion, beating the $6.3 billion average estimate of 13 analysts surveyed by Bloomberg.