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Shell Posts Rise in Chemical Profits

7:26 AM MDT | April 28, 2011 | Kerri Walsh

 Shell's chemicals business reported first-quarter earnings excluding special items jumped 56%, to $489 million. Shell says higher realized chemical margins and higher income from equity-accounted investments, as well as increased sales volumes drove earnings results. Revenues were not disclosed. Chemicals sales volumes rose by 5%, to 5 million m.t. Chemical manufacturing plant availability was 92%compared with 88% in the year-ago...

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