Shell blames falling energy prices for plunge in profits
by Jillian Ambrose from on (#4YN1Z)
Profits halve in final quarter as fears over global growth drag down oil and gas prices
Royal Dutch Shell has blamed weaker oil and gas markets for delaying the world's largest share buyback scheme after its profits halved in the final quarter of the year.
The Anglo-Dutch oil giant made a profit of $2.9bn (2.23bn) in the last three months of 2019, down from $5.7bn in the final quarter of 2018, when fears of a slowdown in the global economy caused oil prices to slump.
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