By:
Toby Sterling - Associated Press
AMSTERDAM (AP) - Royal Dutch Shell PLC, Europe's largest oil company, on Thursday reported booming profits of $8.78 billion in the first quarter, up 60 percent from a year ago thanks to higher oil prices as well as gains on asset sales and improving refining operations.
With gas prices at the pump approaching $4 per gallon in U.S. and countries around the world seeking to reduce budget deficits, Chief Financial Officer Simon Henry said the company was worried about higher taxes _ and it will plan its future investments accordingly.
Posted Date:
30 April 2011