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Low Oil Prices Help Shell Profits Slide 73% ...
Friday, October 30, 2009 3:57 AM


(Source: Belfast Telegraph)trackingLOW OIL PRICES HELP SHELL PROFITS SLIDE 73%

OIL giant Royal Dutch Shell has warned of a long haul to recovery after reporting a 73% slide in profits between July and September.

The Anglo-Dutch company said third quarter earnings fell to $2.99bn (Pounds 1.83bn) as a result of weaker oil prices and the ailing global economy. Chief executive Peter Voser said there were indications that energy demand and pricing were picking up, but that the outlook remained uncertain.

(c) 2009 Belfast Telegraph. Provided by ProQuest LLC. All rights Reserved.

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