Royal Dutch Shell, Europe's largest oil company, posted a 15 percent increase in second- quarter profit on higher oil prices and production as it exceeded a target for cost savings. Net income rose to $4.39 billion from $3.82 billion a year earlier, The Hague-based Shell said today in a statement. Excluding one-time items and inventory changes, earnings beat analyst estimates. Peter Voser, in his second year as CEO, expects to double asset sales to as much as $8 billion by the end of 2011. Cost...
Full Story: Houston Chronicle
