Get all your news in one place.
100's of premium titles.
One app.
Start reading
International Business Times
International Business Times
Business
AFP News

FOUND: Shell logs sliding profits as revenues sink | Mind Blowing Facts

Shell's earnings fell as gas prices dropped (Credit: AFP)

British energy major Shell on Thursday posted sharply lower first-quarter net profit on sinking revenues, but adjusted earnings topped expectations and it unveiled another bumper stock buyback.

Profit after taxation dropped about 15 percent to $7.4 billion in the first quarter from a year earlier, hit also by accounting charges, Shell said in a results statement.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.