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Royal Dutch Shell grew first-quarter net profits by 11 per cent to $7.66bn (£4.76bn) on a current cost basis, while raising the quarterly dividend by 1¢ to $0.43. The Anglo-Dutch group generated $120bn in revenues, up in line with an 11 per cent increase in Brent Crude to $118.60 a barrel. High oil prices also prompted a 56 per cent rise in operating cash flow (excluding working capital).