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(Image from article: "Exxon, Shell profits surge on higher oil prices")

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Exxon, Shell profits surge on higher oil prices

Exxon Mobil and Royal Dutch Shell Plc reported big jumps in first quarter earnings and beat forecasts, thanks to high oil prices and healthy refining margins.

BP shares hit 6-month high after Shell bid report

Shares in oil major BP hit a six-month high on Tuesday after The Daily Mail newspaper reported rival Royal Dutch Shell had considered a takeover bid during the Gulf of Mexico oil spill.

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