Royal Dutch Shell Shocked! Losses!

Declining oil prices significantly impacted the profits of Royal Dutch Shell, which reported the lowest earnings in over a decade. Reported profits sank 72 percent, for a total reported profit of $1.05 billion. Company leadership cites low oil prices, which traded around $44 per barrel last week which is up from $35.21 earlier this year, and $63.50 a year ago. The oil industry has shown no signs of recovery. Sorry for your loss.

One thought on “Royal Dutch Shell Shocked! Losses!

  1. That RDS and so many of their competitors can still turn a profit when oil prices have halved almost overnight is a testament to their operational flexibility and their willingness to unload excess labour. The only question that remains, who really needs $100 oil ? A $bn is still cool.

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