RE: 3% drop31 Oct 2019 08:40
Report on BBC Business:
Oil giant Royal Dutch Shell reported a 15% drop in third-quarter profit to $4.8bn (£3.7bn) on lower oil and gas prices, but still exceeded forecasts thanks to strong trading.
The result compared with a profit forecast of $3.91bn.
The better than expected results came in the face of oil prices that fell 17% year on year.
"This quarter we continued to deliver strong cash flow and earnings, despite sustained lower oil and gas prices, and chemicals margins," Chief Executive Ben van Beurden said in a statement.