Big Oil reports higher earnings due to higher energy prices

Yahoo! News:

Royal Dutch Shell Plc beat all analyst forecasts by reporting an 18 percent jump in third-quarter profits thanks to higher oil and gas prices, setting a trend for the sector… ConocoPhillips, the third-largest U.S. oil company, said on Wednesday that its quarterly profit more than doubled. Both companies were helped by a 12 percent rise in crude prices compared to the third quarter of 2009, while U.S. natural gas prices were 29 percent higher and British gas prices doubled.

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