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Rising oil price benefits Shell: $7.8bn (assisted by the attacks in Nigeria by Shell’s paid militants)

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BBC News: Rising oil price benefits Shell

Tuesday, 29 April 2008 06:40 UK

Oil firm Royal Dutch Shell says it made first quarter profits of $7.8bn (£3.9bn), up from $6.9bn a year ago.
It comes three months after the Anglo Dutch oil firm reported annual profits of $27.56bn (£13.9bn), a record for a UK-listed company.

The firm has benefitted from the rising price of oil, which is closing in on $120 a barrel, up from $91 in January.

Chief executive Jeroen van der Veer said he would continue to grow the firm after a “good operating performance”.

Shell shares are listed in the UK and the Netherlands, while the company’s headquarters are in The Hague.

http://news.bbc.co.uk/1/hi/business/7372509.stm

Headline by John Donovan of www.royaldutchshellplc.com

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

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