Oil giant Royal Dutch Shell has reported a rise in profits thanks in part to strong demand for energy which is keeping oil prices high.
Earnings for January to March were $7.66bn (£4.74bn), up 11% on the $6.93bn the firm made a year ago.
Shell warned that oil prices would be volatile in the coming months.
It added that asset sales this year were likely to total more than $4bn compared with its earlier estimate of $2bn-$3bn.
Earlier this week, the company announced a deal to buy London-listed Cove Energy for £1.1bn in an attempt to tap into East Africa's gas reserves.
Shell's total revenue for the first quarter was $119.9bn, up 9% on a year earlier.
"We are making good progress against our targets to deliver a more competitive performance," said chief executive Peter Voser.
"Shell's first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices."
bbc.co.uk
Earnings for January to March were $7.66bn (£4.74bn), up 11% on the $6.93bn the firm made a year ago.
Shell warned that oil prices would be volatile in the coming months.
It added that asset sales this year were likely to total more than $4bn compared with its earlier estimate of $2bn-$3bn.
Earlier this week, the company announced a deal to buy London-listed Cove Energy for £1.1bn in an attempt to tap into East Africa's gas reserves.
Shell's total revenue for the first quarter was $119.9bn, up 9% on a year earlier.
"We are making good progress against our targets to deliver a more competitive performance," said chief executive Peter Voser.
"Shell's first quarter 2012 earnings increased from year-ago levels, through a combination of improved operating performance, increased upstream volumes and strong oil prices."
bbc.co.uk
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