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Shell records 50% dip in 4Q profits
Jan. 31, 2020
Source: Reuters

Shell records 50% dip in 4Q profits

Oil supermajor, Royal Dutch Shell posted a 50% drop in profits to $2.9 billion for the fourth quarter of 2019, falling short on forecasts. Shell's profits dipped down to its lowest in over three years over weaker oil and gas prices. CEO Ben van Beurden said the company’s commitment to conclude its $25 billion share buyback programme in 2020 remained “unchanged”.

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