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Oil giant's huge rise in profits

Updated on 30 October 2008

Source PA News

Oil giant Royal Dutch Shell has joined the profits bonanza from record prices with a 71% jump in third-quarter earnings.

The firm made a mammoth 10.9 billion US dollars (£6.6 billion) between July and September - a period when oil prices hit a peak above 147 dollars a barrel.

The news, which is likely to spark fresh calls for a windfall tax, comes two days after rival BP posted its biggest-ever quarterly profits of £6.4 billion.

These news feeds are provided by an independent third party and Channel 4 is not responsible or liable to you for the same.

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