Europe’s oil companies make unexpectedly high profits

Reading time 2 min.
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Flag of the Netherlands

Royal Dutch Shell and BP, Europe’s largest oil companies surprised analysts with their increasing profits while oil prices soar. According to The Financial Times both shares were up by 5% in London this morning. One conspicuous piece of good news in the Shell results was a rise in its production to 3.52m barrels of oil equivalent a day, up from 3.51m boe/d in the first quarter of 2007. Analysts had expected a fall. (Financial Times)

International  International news in general
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