Shell reports 73% slump in profits

Royal Dutch Shell today warned of a long haul to recovery after the oil giant reported a 73% slide in profits between July and September

Shell reports 73% slump in profits
Thu, 29 Oct, 2009 - 07:59

Royal Dutch Shell today warned of a long haul to recovery after the oil giant reported a 73% slide in profits between July and September.

The Anglo-Dutch company said third quarter earnings fell to US$2.99bn (€2.02bn) as a result of weaker oil prices and the ailing global economy.

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