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Shell Profit Rises on Liquefied Natural Gas Income, Shares Climb
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Royal Dutch Shell Plc’s third-quarter profit expanded 2.3 percent after Europe’s biggest oil company generated increased earnings from liquefied natural gas. Its shares rose the most since April in London trading.
Net income rose to $7.14 billion from $6.98 billion a year earlier, 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.