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OIL NEWS * UK - Royal Dutch Shell's profits top $11 billion
London,UK -MarketWatch (CAL,USA), by Steve Goldstein -July 31, 2008: -- Royal Dutch Shell said second-quarter profit climbed 33% as surging oil prices helped offset diminished production as the group struggles to pump oil out of Nigeria... Joining Exxon Mobil as the only oil company to earn more than $10 billion in a single quarter, Royal Dutch Shell said its profit rose to $11.56 billion... The quarter included a net $73 million of one-time items, as divestments were offset by mark-to-market valuations on U.K. gas contracts and tax charges... Excluding price changes on unsold inventories and other one-time items, Shell would have earned $7.9 billion, up 5% from the same period last year...Labels: oil news worldwide
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