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Shell Q3 profit falls 62 percent to $3.25 billion

Shell Q3 profit falls 62 percent to $3.25 billion

Oil company Royal Dutch Shell PLC has reported a 62 percent fall in profit for the third quarter, as weakness in the global economy pushed oil prices and refining margins down.
Europe's largest oil company says net profit was $3.25 billion (⁈illion), down from $8.45 billion in the same period a year ago. Sales fell 43 percent to $75.0 billion.
Shell Chief Executive Peter Voser said Thursday the company is not expecting a fast recovery and will cut some 5,000 job this year.


Updated : 2021-01-18 02:33 GMT+08:00