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Shell makes record first-quarter profits of nearly $10bn

Figure easily beats predictions and comes despite fall in oil and gas price

  • Business live: Shell makes £7.6bn profit

Royal Dutch Shell made record first-quarter profits of more than $9.6bn (£7.6bn) in the first three months of this year, even as oil and gas prices tumbled from last year’s highs.

The better-than-expected adjusted earnings topped its previous first-quarter profit record set last year at $9.1bn for the same period, and were well above the $7.96bn predicted by industry analysts.

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