Shell Oil Co., the nation’s sixth-largest oil...
Shell Oil Co., the nation’s sixth-largest oil firm, reported a 39% rise in 1987 profits. Houston-based Shell cited higher crude prices and chemical earnings. Shell is a subsidiary of Royal Dutch/Shell Group, which is based in the Netherlands. “Earnings for 1987 benefited from a substantially stronger performance in the oil and gas exploration and production segment, led by higher crude oil prices, and from record chemical earnings,” Shell said.
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