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10

Royal Dutch Shell Joined Top-Rank

Oil giant Royal Dutch Shell yesterday joined oil companies with record first-quarter profits

Oil giant Royal Dutch Shell yesterday joined oil companies with record first-quarter profits.

The company announced that its second-quarter earning had risen 26% to $4.6 billion on a current cost of supplies basis.

Chief executive Jeroen van der Veer said the company would continue to concentrate on "more upstream and profitable downstream" and that its strong earnings and cash flow would be used for dividends, investment and a share buyback program that could be resumed after completion of the unification process.