LONDON (Reuters) - Royal Dutch Shell
Europe's largest oil and gas company by market value said on Thursday current cost of supply (CCS) net income rose to $6.9 billion in the first three months of the year.
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Stripping out one-offs, the result was $6.29 billion, compared with a forecast for $5.87 billion in a Reuters poll.
Brent crude was 38 percent higher in the first quarter compared to the 2010 period, while global refining benchmarks tripled.
Italian rival Eni
Industry leader Exxon Mobil
Replacement cost and CCS net income strips out unrealized gains related to changes in the value of oil inventories and so is comparable to net income under U.S. GAAP.
(Reporting by Tom Bergin; Editing by Dan Lalor)