shell says q2 net profit dives 71 on low oil prices
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
Arab Today, arab today

Shell says Q2 net profit dives 71% on low oil prices

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Arab Today, arab today Shell says Q2 net profit dives 71% on low oil prices

London economy
London - Arab Today

 Royal Dutch Shell's net profit collapsed 71 percent in the second quarter on ultra-low oil prices, the British energy giant announced on Thursday.

Net profits sank to $1.175 billion in the three months to the end of June, compared with $3.986 billion in the same part of 2015, Shell said in a results statement, adding that "lower oil prices continue to be a significant challenge".

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