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Actionable news in RDS.A: ROYAL DUTCH SHELL PLC ADS CLASS A,

Shell Profit Drops 72% on Lower Oil, Weaker Refining Margins

  • Earnings miss analyst estimates by more than $1 billion
  • Lower crude prices remain ‘significant challenge,’ CEO says

Royal Dutch Shell Plc said second-quarter profit plunged, missing analyst estimates by more than $1 billion, as a mix of lower energy prices, weaker refining margins and production halts weighed on Europe’s largest oil company.

Profit adjusted for one-time items and inventory changes fell 72 percent from a year earlier to $1.05 billion, The Hague-based Shell said Thursday. Analysts had expected a $2.16 billion result.

Chief Executive Officer Ben Van Beurden, who earlier this year completed Shell’s record acquisition of BG Group Plc, is cutting costs and...


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