Shell Q1 earnings more than halve
Wednesday 29 April 2009
Oil giant Shell booked net profit of $3.3bn in the first three months of this year, less than half the year-earlier figure, the Anglo-Dutch company said in a statement.
Earnings were down because of the fall in oil prices, Shell said. The oil price has fallen from $150 a barrel to $50 a barrel over the course of the economic crisis,according to news agency ANP.
Oil production remained almost 3.4 million barrels a day, in line with the final quarter of last year, Shell said.
For the Reuters article click here
© DutchNews.nl
Get the DutchNews.nl newsletter in your mailbox: Click here to subscribe
Place your comments:
|
Thursday: Sunny everywhere but high cloud will hide the sun at times. Max 15º. Rain on Friday
