OilPrice.com: Oil Market Falls Deeper Into Abyss
Jan 31st, 2020
by John Donovan.

By Tom Kool – Jan 31, 2020, 2:00 PM CST
Shell’s earnings fall by half. Royal Dutch Shell (NYSE: RDS.A) saw its fourth quarter earnings fall in half from a year earlier, weighed down by lower oil and gas prices, as well as weaker refining and chemical margins. “All macroeconomic indicators are working against us,” Shell CEO Ben van Beurden said. The disappointing results could slow the pace of share buybacks and result in more asset sales. Shell’s reserve life declined for the sixth year in a row, now only sitting on eight years’ worth of reserves.
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Posted in: Ben van Beurden, Oil, Oil Company Profits, Oil Prices, oilprice.com, Royal Dutch Shell Plc, Shell.
Tagged: Oil · Oil Prices · Royal Dutch Shell Plc · Shell
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