Shell Profit Increases 33% on Higher U.S. Oil and Gas Prices
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Royal Dutch Shell Plc, Europe’s biggest oil company, said second-quarter earnings rose 33 percent on higher U.S. energy prices and increased production.
Profit excluding one-time items and inventory changes gained to $6.1 billion from $4.6 billion a year earlier, The Hague-based Shell said today in a statement. That beat the $5.6 billion average estimate of 18 analysts surveyed by Bloomberg.