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Financial Times: THE WEEK4: ENERGY

By Roger Blitz
Published: February 4 2006 02:00
You can be sure of record profit from Royal Dutch Shell and the latest figures from the Anglo- Dutch group were no exception.
Profit for 2005 were £12.9bn, up 30 per cent on the previous year. Still, some analysts compared the results unfavourably with those of ExxonMobil earlier in the week.
Jeroen van der Veer, Shell chief executive, has his eyes on deepwater drilling and the Arctic for new oil reserves.
Centrica shares leapt after Gazprom said it was eyeing the owner of British Gas. The UK government gave a frosty response, saying any new owners would face “robust scrutiny”.

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