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Exxon and Shell quarterly profits soar

LONDON, July 30 — Exxon Mobil’s quarterly profit jumped 85 per cent on surging oil prices and a big rise in refining margins, while Royal Dutch Shell Plc’s profits rose 34 per cent. The two biggest nongovernment-controlled oil companies in the world relied on natural gas to drive production growth in the second quarter, a fuel traditionally less ...


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