shell warns q4 profits significantly below recent levels
Last Updated : GMT 06:49:16
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Last Updated : GMT 06:49:16
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Shell warns Q4 profits significantly below recent levels

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Arab Today, arab today Shell warns Q4 profits significantly below recent levels

London - AFP

Royal Dutch Shell warned Friday that its fourth-quarter profits were expected to be "significantly lower than recent levels", blaming higher exploration costs, lower volumes and the poor industry environment. Shell said in an update that it expects to post adjusted net profits of $2.2 billion (1.6 billion euros) in the three months to December, down 70 percent from $7.3 billion last time around.

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