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Shell says ,Q2net profit slumps on falling oil prices

Energy giant royal Dutch shell said on Thursday, back in the world of sliding the second quarter net profit fell 53% to $406.3 million in oil prices and weak demand.
After the adjustment net profit, eliminate inventory and other nonprofit project value of change, fell nearly 13% to $5.72 billion in the second quarter or three months to the end of June.
This is better than last year's $646 million market expectations of jaw of $655 million in the same period, according to dow Jones survey of analysts.
The total oil and natural gas production rose 1.9% to 3103000 barrels a day of oil equivalent, in Canada and Qatar's giant project funding. However, analysts had forecast a 4.0% increase.
"The chief executive Peter walter harp said:" our industry will continue to see significant to energy prices, as a result of the economic and political development, in the statement of the results.
He said: "we are put forward in the turbulent times, our profits have dropped. Energy prices."
The income of the group, and dip in quarter $119.89 one hundred million yuan, with a $124.56 billion last year.
Meanwhile, rival energy giant BP is scheduled to launch on July 31, the latest quarterly results.



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