"Royal Dutch Shell Profit Nearly Doubles"

"LONDON -- Royal Dutch Shell, the biggest oil company in Europe, said on Thursday that its profit almost doubled in the second quarter on higher oil prices and as new oil and gas projects came on stream.

Profit rose to $8.7 billion in the April-through June period, from $4.4 billion in the same period last year, Shell said in a statement. Production fell 2 percent after Shell sold some assets and because of delays in drilling permits in the Gulf of Mexico. "

Julia Werdigier reports for the New York Times July 28, 2011.


"Exxon Profit Up 69 Percent as Gas and Oil Prices Boost Top Five Oil Companies" (ABC News)

"Big Oil Reaps Some Big Profits" (AP)

"Higher Prices Buoy Profits as Oil Companies Scramble for New Fields" (New York Times)

"Oil Profits, Rhetoric on the Rise" (Politico)

"Refining Business Pumping Bigger Profits Into Oil Patch" (Toronto Globe and Mail)

"As Oil Profits Soar, Obama Seeks Political Wedge" (Huffington Post/Froomkin)

Source: NY Times, 07/29/2011