Shell Beats Estimates

Royal Dutch Shell Plc, Europe’s biggest oil company, posted a 57 percent increase in earnings after production climbed for the first time in more than three years following startups in Brazil and Russia.

Net income in the first quarter rose to $5.48 billion from $3.49 billion a year earlier, The Hague-based Shell said in a statement today. The shares jumped to the highest in almost two years in London trading after earnings adjusted for inventories and one-time items beat analyst estimates.

( Bloomberg )

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