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Shell profits show sharp decline

Source: BBC
Frankfurt : Germany | about 1 month ago  
Views: 13
  • The Shell logo is seen at a gas station in Phoenix
    The Shell logo is seen at a gas station in Phoenix
    Source: Reuters
  • South Korea's SK Telecom has reported a 24.6 percent rise in third-quarter net profit
    South Korea's SK Telecom has reported a 24.6 percent rise in third-...
    Source: AFP
The Shell logo is seen at a gas station in Phoenix
The company said profit for the three months to September fell 73% to $3bn ($1.8bn) from a year earlier. "We are not expecting a quick recovery," Shell chief executive Peter Voser said. BP, its UK rival, this week reported its third-quarter profits were well ahead of expectations.
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