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Royal Dutch Shells third quarter 2011 earnings on a current cost of supplies (CCS) basis was US$7.2 billion compared with US$3.5 billion the same quarter a year ago.

ConocoPhillips, the first of the three largest U.S. oil companies to reveal third-quarter results, reported earnings of US$2.6 billion which is a 16 per cent fall compared with third-quarter 2010 earnings of US$3.1 billion.

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