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Shell’s quarterly profits tank by 70%, Exxon's by 66%, BP's by 50%
Posted by christian on 30 July 2009.
It's big energy money week! Get your annual financial thrills as the big international oil companies - Shell, BP, ExxonMobil and the rest - publish their quarterly financial reports results this week, all at once!
And if you like a gory financial thriller, they promise to be quite a good read, because profits are tanking. Take Shell, for example. When your quarterly profits fall by 70% in one year, you know something's gone a bit wrong. ExxonMobil's are down by 66%. BP's profits have more than halved. The global economic downturn is kicking in. Read more »
