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LONDON (Reuters) – Royal Dutch Shell vex forecasts with a 22 proportionality uprise in first-quarter profit, thanks to higher lubricator and pedal prices and fatter processing margins.

Europe's maximal lubricator and pedal consort by mart continuance said on weekday underway outlay of supply (CCS) gain income chromatic to $6.9 1000000000 in the prototypal three months of the year.

In recent years, Hague-based Shell has endowed hard in bounteous new projects such as Qatargas 4, which are beginning to come on stream. Analysts said the effects of these were implausible to be seen in the company's action until the second half.

Brent vulgar was 38 proportionality higher in the prototypal quarter compared to the 2010 period, while orbicular processing benchmarks tripled.

Shell, the maximal shipper of liquid uncolored gas, also benefited from higher LNG prices mass the Asian earthquake, which was cod to advance to higher LNG demand in that land as nuclear noesis is scaled back.

The Anglo-Dutch company's result compared well with nation competition BP, which posted a 2 proportionality fall in replacement outlay gain acquire on Wednesday, on the backwards of an 11 proportionality fall in creation after commerce assets to clear for the Gulf of Mexico lubricator spill.

Investec analysts said they cod Shell to move to outperform BP during 2011.

Italian competition Eni reportable a 6 proportionality uprise in replacement outlay profit, though the result was muted by the anaemic note and a fall in creation cod to the conflict in Libya.

ConocoPhillips reportable a 43 proportionality uprise in gain income.

Shell said lubricator and pedal creation for the prototypal quarter lapse 3 proportionality compared with the 2010 period, cod to divestments.

Stripping discover one-offs, CCS earnings were $6.29 billion, compared with a forecast for $5.87 1000000000 in a Reuters poll.

Industry leader Exxon Mobil was cod to foretell first-quarter earnings on weekday and was cod to post a 59 proportionality jump in gain income, according to I/B/E/S estimates.

Replacement outlay and CCS gain income strips discover unsuccessful gains related to changes in the continuance of lubricator inventories and so is same to gain income low U.S. GAAP.

(Additional news by Jon Hopkins; Editing by Dan Lalor)

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