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Shell Announces $7 Billion Profit For Third Quarter (NYSE: RDS.A)
Europe’s largest oil company, Royal Dutch Shell PLC, posted profits of nearly $7 billion for the third quarter of 2011. The profit increase was attributed to higher prices for oil and one-time gains. The reported profit of $6.98 billion was up from $3.46 billion in the third quarter of 2010. Revenues for the same quarter rose 33% to $127 billion.
Various one time gains, such as the sale of...