Shell profit down

SHELL’s profit fell 50% this quarter over the previous year or from US$5.7 billion to $2.9 billion, which it said is thanks to lower prices and a more depressed global economy. 

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Prelude helping drive production in quarter: Shell

Shares are down 4%, their lowest price in three years when the oil price had still not recovered.  
 
Free cash flow was $5.4 billion compared with $16.

 

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