Article 4TETR Shell profits dented by fall in oil price

Shell profits dented by fall in oil price

by
Jillian Ambrose
from 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.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/environment/rss
Feed Title
Feed Link http://feeds.theguardian.com/
Reply 0 comments