Shell Falls Short, But Still Records Major Gains

Buoyed by record crude prices, European oil major Royal Dutch Shell has delivered fourth quarter net income of US$6.7bn, up from US$6.0bn a year earlier. The strong Q4 performance took 2007 full year earnings to US$27.6bn, representing an 11% increase in basic post-tax profits before inventory effects. Adjusted income at US$5.72bn fell slightly short of market expectations.

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