Thursday, 31st July 2014

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News & Reports

FTSE 100 movers: Shell rises after Q2 profit beats expectations

Thu 31st Jul 14, 16:18

Natasha Roberts

Results from oil major Royal Dutch Shell jumped after it smashed analysts' estimates with its second-quarter profits. Shell, which has a market cap of around 156bn at current prices, said that earnings on a current cost of supplies basis surged to $5.1bn in the three months to 30 June, up from $2.4bn the year before, helped by higher liquids production volumes and prices.

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