Shell Says Q2 Net Profit Dives 71% On Low Oil Prices

Umer Jamshaid Published July 28, 2016 | 11:41 AM

Shell says Q2 net profit dives 71% on low oil prices

LONDON, (UrduPoint / Pakistan Point News - 28th july,2016) - Royal Dutch Shell's net profit collapsed 71 percent in the second quarter on ultra-low oil prices, the British energy giant announced on Thursday. Net profits sank to $1.175 billion in the three months to the end of June, compared with $3.986 billion in the same part of 2015, Shell said in a results statement, adding that "lower oil prices continue to be a significant challenge".

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