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Shell profits soar after bumper Q1

Profits, dividends and outlook up for Shell and other majors
Shell profits soar after bumper Q1
  • Royal Dutch Shell reports March quarter underlying earnings well above both last quarter and a year ago
  • Dividend increase by 4 per cent confirmed 

The UK oil majors have seen profits soar due to the retracement in crude prices and enhanced contributions from their gas businesses. This was abundantly clear in BP's (BP.) recent quarterly update, and is also evident in Royal Dutch Shell's (RDSB) Q1 figures.

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