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Home » Topics » Energy giant Royal Dutch Shell

Shell net profit drops by half on lower oil prices

Royal Dutch Shell truck via AFP

Energy giant Royal Dutch Shell said Thursday that second-quarter net profits tumbled 53 percent to $4.063 billion on the back of sliding world oil prices and slack demand. Adjusted net profits, stripping out movements in the value of inventories and other non-operating items, slid almost 13 percent to $5.72 billion…

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