
(UKPA) 16 minutes ago
Royal Dutch Shell has announced a 70% slide in profits to 2.3 billion US dollars (£1.4 billion) in the period between April and June.
The Anglo-Dutch firm achieved profits of £22 billion last year, but, in line with BP on Tuesday, it said the weaker global economy had impacted its performance in the second quarter.
New chief executive Peter Voser said: “Energy demand is weak.”
“There is excess capacity in the market, and industry costs remain high.”
Copyright © 2009 The Press Association. All rights reserved.
shellplc.website and its sister non-profit websites royaldutchshellplc.com, royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are owned by John Donovan. There is also a Wikipedia feature.
0 Comments on “Shell reports 70% dip in profits”
Leave a Comment