Shell slips as profit falls to two-and-a-half year low
Shell’s performance fell short of expectations across the board but was most pronounced at its flagship liquefied natural gas unit
01 August 2019 - 17:56
London — Royal Dutch Shell’s second-quarter profit slumped to a 30-month low on weaker gas prices and refining margins, denting a steady recovery in recent years and sending the Anglo-Dutch energy company’s shares down 5%.
The results missed analyst forecasts by a wide margin and triggered the biggest one-day retreat in Shell shares in over three years. The company was the second-worst performer on London’s FTSE 100 index in morning trade...
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