Shell delivers higher than expected first quarter earnings

Oil   Oil

Royal Dutch Shell PLC delivered forecast-busting first quarter earnings on Thursday as it benefited from higher oil prices, and said it is looking for ways to exploit the current low cost of natural gas in North America.

The oil company's earnings on the industry standard CCS or "current cost of supplies" measure, which strips out changes in the price of oil, and excluding one-time charges, were $7.30 billion, up 16 percent from $6.29 billion.

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