Shell's net profit rises 68% on oil prices, pipeline sale

Article Abstract:

Royal Dutch-Shell Group of Cos. of the Netherlands posted net profit increases of 68 percent to $9.03 billion for the third quarter up from $5.37 billion a year earlier. The petroleum giant's revenue rose eight percent to $76.44 billion from $70.69 billion. High returns are bouyed by soaring oil prices, increased refining profits and increased revenues from divestments.

Sales, profits & dividends, Company sales and earnings, Company earnings/profit, Company Profile

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Shell buys rights to oil-sands field for $400 million

Article Abstract:

Royal Dutch-Shell Group of Cos. of the Netherlands has bought oil sands in Alberta, Canada for $465 million Canadian Dollars ($400 million United States Dollars). With skyrocketing oil prices and decreasing petroleum reserves, the oil sands have become targeted for new investment.

Acquisitions & mergers, Forecasts, trends, outlooks, Alberta, Mergers, acquisitions and divestments, Company acquisition/merger, Oil sands, Industry forecasts

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