Royal Dutch Shell's second quarter profits fell 20% to $4.6bn (£3bn) compared with the same period in 2012.
The FTSE-100 company cited security problems in Nigeria as the predominant reason for “clearly disappointing” results. The oil firm highlighted the impact of $700m (£460m) of oil theft and gas supply disruptions in Nigeria as well as higher costs, exploration charges and exchange rates. A weakening Australian dollar on a deferred tax liability lead to…
This content is for subscribers only. Subscribe now for free to read the full article.
Already a subscriber? Login
