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Royal Dutch Shell Third-Quarter Profit Rises 2.3% on LNG Income

Shell Profit Rises 2.3% on Income From Liquefied Natural Gas
A technician compares samples of lubricant oil in the control laboratory at Royal Dutch Shell Plc's new lubricants blending plant in Torzhok, Russia. Photographer: Andrey Rudakov/Bloomberg

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.

LNG sales volumes of 4.97 million metric tons were 4 percent higher than a year earlier, mainly reflecting the contribution from the Pluto LNG project in Australia, according to the statement.

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