Shell issues profit warning for fourth quarter

Shell issues profit warning for fourth quarter

PanARMENIAN.Net - Royal Dutch Shell PLC has issued a profit warning for the fourth quarter, saying results will be worse than most analysts are expecting due to a mix of lower than expected production, higher than expected costs, and a worse than expected performance by its refining division, the Associated Press reports.

The company gave provisional, unaudited figures of net profit of $1.8 billion for the quarter, down from $6.7 billion in the same period a year ago.

Chief executive Ben van Beurden said in a statement the results were "not what I expect from Shell."

Related links:
 Top stories
This year’s event will be held in Yerevan under the motto “16 Countries … and Opportunities for Enterprise Development.”
“Government’s policy line of boosting the NPP’s safety and building a new power unit remains unchanged,” Armen Movsisyan said.
Armenia’s rich cultural, historical and Christian heritage will be presented in travel guides and maps in Russian during the exhibition.
The contract terms stipulated by companies allowed them to charge subscribers for the period when no internet service was provided.
Partner news