Shell reports 18% jump in profits in Q3

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Anglo-Dutch major Shell reported an 18% jump in profits to $3.5 billion in Q3 visual_editor010, compared to the same quarter a year ago. Riding on the back of higher oil and gas prices, a 5% rise in its oil and gas production to 3.1 Mmboe/d and a visual_editorvisual_editor% increase in LNG sales compared to Q3 visual_editor009, Shell’s chief executive Peter Voser said the company’s performance was far better than expected.

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