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Shell profits jump 47% in latest sign of energy industry rebound

by Andrew Ward

Royal Dutch Shell added to the mood of optimism in the oil industry on Thursday by announcing a better-than-expected 47 per cent increase in third-quarter profits. The Anglo-Dutch group earned $4.1bn in the three months to September 30 on a current cost of supplies basis, the measure tracked most closely by analysts. This compared with $2.8bn in the same period last year and beat analysts’ consensus forecast for $3.6bn. FULL FT ARTICLE

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