Royal Dutch Shell reported on Thursday a small drop in quarterly profits which s...
LONDON - Royal Dutch Shell reported on Thursday a small drop in quarterly profits which still easily beat forecasts, helped by stronger trading and liquefied natural gas sales.
Shell’s results outshine those of rivals Exxon Mobil, Chevron and BP which all saw sharp drops in profits in the first three months of the year as a result of lower refining margins and weaker crude and gas prices. “Our integrated value chain enabled our Downstream business to deliver robust results despite challenging market conditions.”
Cash flow from operations in the first quarter of 2019, however, declined 9 percent to $8.6 billion including negative working capital movements of $3.5 billion.
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