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Shell's profits slump to lowest in over two years on weak oil, gas prices

Thu, 01st Aug 2019 07:10

LONDON, Aug 1 (Reuters) - Royal Dutch Shellreported on Thursday a 25% drop in second quarter profit to $3.6billion, the lowest since late 2016 and far short ofexpectations, citing lower oil and gas prices.

That compared with a profit forecast of $4.93 billion,according to a company-provided survey of analysts.

Cash flow from operating activities for the second quarter2019 was $11 billion.

(Reporting by Ron Bousso, editing by Deepa Babington)

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