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Big jump in second quarter net profits for Shell

28 July, 2011

Royal Dutch Shell announced second quarter 2011 earnings of $8 billion compared with $4.5 billion the same quarter a year ago. The company's CEO Peter Voser said the rise was driven by increased energy prices and Shell's operating performance.

"Shell reinvests its profits to meet customer demand for low-cost energy, and to pay attractive returns to shareholders," he said.

While in upstream volumes increased by 2%, in downstream, maintenance activities and weak industry refining margins masked a resilient performance from oil products marketing and chemicals in the quarter.

He said Shell's strategy was on track: "Performance focus, delivering a new wave of production growth, and maturing the next generation of growth projects for shareholders."

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Weekly retail fuel prices: 21 October 2019
RegionDieselLPGSuper ULUL
East Midlands131.4582.90140.26127.28
North East130.33141.51126.31
North West130.8257.70140.42127.09
Northern Ireland129.08132.76125.41
South East132.2771.90140.82127.99
South West131.36137.85127.21
West Midlands131.0761.40139.08127.20
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