Tuesday July 14, 2020

Shell income hit by low oil prices

31st July, 2016
4
Royal Dutch Shell said oil prices were a continuing challenge

Royal Dutch Shell has reported a 70 per cent dip in its second quarter income on the back of low oil prices.

“Lower oil prices continue to be a significant challenge across the business. . . we are managing the company through the down-cycle by reducing costs, by delivering on lower and more predictable investment levels, executing our asset sales plans and starting up profitable new projects.”

Ben van Beurden, chief executive, Royal Dutch Shell...

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