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. 

Shell profit down Shell profit down Shell profit down Shell profit down Shell profit down

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.
  • FREE coverage on the rapidly developing coronavirus pandemic. Visit our COVID-19 hub.
  • Latest COVID-19 Coverage: Govt's COVID-19 Commission under scrutiny. Read more.
  • Latest COVID-19 Coverage: NT throws cash at oil and gas industry. Read more.