28 April 2011 Last updated at 02:31 ET
Royal Dutch Shell has announced a 41% increase in first quarter profits on the back of higher world oil prices.
The Anglo-Dutch company said profits for the first three months of the year were $6.9bn (£4.1bn) compared with $4.9bn a year ago.
“We are making good progress against our targets, to deliver a more competitive performance,” said chief executive Peter Voser.
On Wednesday, rival BP reported first quarter profits of $5.5bn.
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Shell profits rise on oil price