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
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