Shell First-Quarter Profit Increases on Higher Oil Prices
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Royal Dutch Shell Plc, Europe’s biggest oil company, said profit rose 30 percent in the first quarter as crude prices gained and refining earnings doubled.
Excluding one-time items and inventory changes, Shell earned $6.3 billion compared with $4.8 billion a year earlier. Analysts expected $6.2 billion, according to the mean of nine estimates in a Bloomberg survey. Production slipped 3 percent to