Friday, February 1, 2008

Shells Posts Largest Profit In European History

Shell’s Profit Soars...

Europe’s largest oil company, reported Thursday that fourth-quarter profit rose 60 percent because of the sale of some assets and higher oil prices. Net income was $8.47 billion, up from $5.28 billion in the period a year ago. Sales rose to $107 billion from $75.5 billion despite a fall in oil production. For the year, profit was a record $31.3 billion, while sales rose 12 percent, to $356 billion.

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