/world business
AMSTERDAM, Netherlands (AP) -- Royal Dutch Shell's has reported a 25 percent rise in first-quarter earnings, crediting strong increases in energy prices.
Shell's first-quarter profit has soared to $9.08 billion thanks to record prices for crude oil.
Europe's largest oil company said Tuesday its average selling price of crude oil leaped by 66 percent to over $90 per barrel from the first quarter a year ago.
That sent net profit soaring to a record $9.08 billion. Sales were up 55 percent to $114 billion.
Chief Executive Jeroen van der Veer said in a statement the strong numbers were due to a "good operating performance, combined with increased oil and gas prices."
Earnings from oil production rose 52 percent to $5.14 billion.
Analysts say the performance was impressive. E-mail to a friend 
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