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Friday, February 1, 2008

Shell sets new UK profits record

The Anglo-Dutch oil firm Royal Dutch Shell has reported annual profits of $27.56bn (£13.9bn), a record for a UK-listed company.

Much of the rise in profits has been attributed to rising oil prices, which currently stand at about $91 a barrel compared with $57 this time last year.

But there is concern among analysts that Shell has delayed publishing figures showing its oil reserves.

Profits, measured by current cost of supply, beat a 2006 record of £12.9bn.

See graph of Shell profits



http://news.bbc.co.uk/2/hi/business/7219148.stm

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