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Shell reports £2.9bn profit
ROYAL Dutch Shell has said the group’s net profits rose 15 per cent to £2.9bn in the past three months.
“This is a good performance from Shell, despite today’s challenging macro-economic conditions. We are on track for growth,” Shell’s chief executive Peter Voser said.
The figures follow a record £11bn loss at rival BP where the Gulf oil spill crisis has hit the company’s bank balance and reputation, costing chief executive Tony Hayward his job.