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Shell says annual profit almost triples to $13 bn

Royal Dutch Shell said Thursday that profit after taxation almost tripled to just under $13 billion (10.5 billion euros) in 2017, energised by rising oil and gas prices. Shell was boosted particularly by a major recovery in crude oil prices, which tends to ramp up revenues and profits for the entire sector. World oil prices leapt by about 15 percent to finish the year at around $60 per barrel, aided by oil cartel OPEC's efforts to limit its collective production.
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