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Rising prices of oil and gas which underpins strong profits for Exxon and Shell.

Underlying results were increased 12pc crude prices compared to the same period in 2009, driven by economic recovery in the world and strong demand from China, which became the world largest energy user this year.

Exxon Mobil, most large oil company controlled non-governmental worldwide said net income rose from 55pc to $7. 35bn, ￡ 4 6bn) compared to the same quarter in 2009, in advance of the forecast of $7. 26bn.

Revenues rose from $ 95 United, driven in part by increased production of oil in the Qatar 16pc.

"Despite economic uncertainties, had strong quarterly results and continued to advance our robust investment opportunities", President of ExxonMobil Rex Tillerson said in a release.

Royal Dutch Shell, number two industry and largest oil company Europe market, said net income on a current cost of supply (SCC)-based pink 18pc to $3. 52bn.

Peter Voser, Chief Executive said Shell will continue to sell non-core assets, particularly in sales retail and refining and promised a "streamlining" Anglo-néerlandais active tight gas in the United States North American society.

Rebound shell was assisted by 5mC increase in oil and gas in the quarter over the same period in 2009, with 3.1, equivalent barrels oil per day (boepd), just prior forecast.

Earnings reflected also increased volumes of sales of liquefied natural gas (LNG) - place 22pc 4.26 m tonnes over the same quarter a year ago, best price realized LNG and higher dividends from LNG joint venture.

Eni analyst also beat Italian forecasts with a 47. 5pc to underlying net. 7bn $1, while China, most major refiner Asia Sinopec and emerging oil producer said the net a profit increased 15pc.Mercredi, ConocoPhillips, the third that American oil company, said quarterly profit more than doubled, beating analysts forecasts.

Shares of Shell is increased from ￡ 19.75 1pc in trade at the beginning jeudi.La society held its dividend for the quarter to 42 cents per share, payable on December 17.

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