Shell profits dented by fall in oil price
by Jillian Ambrose from Environment | The Guardian on (#4TETR)
Firm reports 15% drop in last quarter to 3.7bn as shrinking global economy hits demand
Royal Dutch Shell has reported a 15% slump in profits for the last quarter at a time of lower oil prices and a weaker global economy.
The company made $4.8bn (3.7bn) in the past three months, compared with $5.6bn in the same period last year, and warned it may miss targets to reduce debt and pay back shareholders.
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