Anglo-Dutch energy giant says quarterly profits fall to $1.18bn in wake of global slump in oil prices
Royal Dutch Shell has reported a 71% plunge in quarterly profits in the wake of the global slump in oil prices.
The Anglo-Dutch energy giant said net profit fell to $1.18bn (£890m) in the second quarter, from $3.99bn a year earlier. Shell’s shares dropped nearly 4% in London on the news.