FILE - In this Thursday, May 14, 2015 file photo, the Royal Dutch Shell oil drilling rig Polar Pioneer is towed toward a dock in Elliott Bay in Seattle. (AP Photo/Elaine Thompson, File)
Your feedback is important to us!
We invite all our readers to share with us their views and comments about this article.
Disclaimer: Comments submitted by third parties on this site are the sole responsibility of the individual(s) whose content is submitted. The Daily Star accepts no responsibility for the content of comment(s), including, without limitation, any error, omission or inaccuracy therein. Please note that your email address will NOT appear on the site.
Alert: If you are facing problems with posting comments, please note that you must verify your email with Disqus prior to posting a comment. follow this link to make sure your account meets the requirements. (http://bit.ly/vDisqus)
Royal Dutch Shell Wednesday announced an 89-percent drop in net profit for the first quarter, blamed on slumping oil prices, adding that investment would be lower than expected.Shell, which recently completed a mega takeover of smaller British rival BG Group, added that it planned this year to invest less than had been forecast.The revised spending level would meanwhile be some 36 percent lower compared with the combined investment of Shell and BG during 2014 .However Shell still pressed ahead with its £47-billion ($68-billion, 60 billion-euros) takeover of BG Group, in a deal aimed at strengthening Shell's position in the liquefied natural gas (LNG) market.
FOLLOW THIS ARTICLE