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Bloomberg Royal Dutch Shell Plc’s first-quarter earnings beat even the highest analyst estimate as its natural gas business led a strong companywide performance. Shares rose. Shell gives a positive ending to a mixed Big Oil earnings season, which showed companies mostly recovering from a worst-in-a-generation downturn but unable to fully insulate themselves against volatile markets. While BP Plc, Chevron Corp. …

Bloomberg Eni SpA’s plan to offset emissions from its oil and gas operations will focus on working with African communities to prevent deforestation. The project is part of the Italian energy giant’s goal of removing the equivalent of 20 million tons a year of carbon dioxide from the atmosphere by 2030. On top of efforts to improve operational efficiency and …

Bloomberg TransCanada Corp. posted first-quarter profit that topped analysts’ estimates, giving the pipeline company momentum as it enters a period that’s likely to feature key legal decisions on some of its major projects. TransCanada is benefiting from increased energy production and a shortage of pipeline capacity that’s keeping its Keystone oil pipeline system and Columbia natural gas system running at …

Bloomberg India’s oil demand grew for a fourth month in March, although the pace of gains slowed from February as falling vehicle sales weighed on transportation fuel consumption even amid campaigning for federal elections. Total usage of oil products rose 1.3% y/y to 18.9m tonnes in March, according to the oil ministry’s Petroleum Planning & Analysis Cell Demand in the …

Bloomberg Boeing Co said it’s helping to investigate how a 737-800 plane arriving from Cuba slipped into a river after skidding off a runway near Jacksonville, Florida. The chartered flight operated by Miami Air International Inc was carrying 136 passengers and seven crew when it left the runway at Naval Air Station Jacksonville on Friday evening, Boeing said in a …

Bloomberg Scandinavian Airlines operator SAS AB reached a deal with pilot unions to end a seven-day strike that left hundreds of thousands of customers in the lurch and may have wiped out profit for the Nordic carrier this year. SAS and the Danish, Norwegian and Swedish pilots agreed on a new three-year wage and labour deal after two days of …

Bloomberg The top lender of ailing Jet Airways India said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor. “Liabilities and losses are considerable,” Rajnish Kumar, chairman of State Bank of India, said. “All these past liabilities and then, profitably, can they fly in future? These …

Bloomberg Under Armour delivered first-quarter earnings that topped analysts’ estimates, another indication that its three-year transformation is getting the athletic brand back on track. Earnings amounted to 5 cents a share, Under Armour said, compared with estimates of break-even. Sales were $1.2 billion, just a slight gain from a year earlier, but above the projected $1.18 billion. Shares jumped in …

Bloomberg Tyson Foods Inc will expand a voluntary recall of frozen, ready-to-eat chicken strips after more consumers reported fragments of metal in “a small number of products,” the company said in statement. It originally issued a recall of 69,093 pounds of strip products in March and now the expansion includes an additional 11.8 million pounds, the US Department of Agriculture …

Bloomberg Watches of Switzerland Group, the UK’s biggest seller of luxury timepieces, said it’s considering an initial public offering in London that could help fuel expansion into the US market. The move would allow private-equity company Apollo Global Management to reduce its stake in the retailer, which handles about half of Rolex’s UK sales. It also could give impetus to …