Shell Hit by Low Oil Prices as It Prepares to Integrate BG

April 30, 2015 7:43 AM

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Oil company Royal Dutch Shell says its first quarter profit rose 7 percent, mainly due to the fact that year-earlier figures were weighed down by one-time charges. Sales fell sharply because of lower oil prices.

The current cost of supplies, a measure of profit used in the industry that strips out fluctuations in the value of oil stocks, rose to $4.76 billion from $4.47 billion in the first quarter last year. Net profit attributable to shareholders fell to $4.43 billion from $4.51 billion.

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