Oil-Price Rout Casts Shadow Over Earnings in Energy Sector – Wall Street Journal


Wall Street Journal
OilPrice Rout Casts Shadow Over Earnings in Energy Sector
Wall Street Journal
The sector’s second quarter results show how difficult it is for companies built to spend billions of dollars pumping $100-a-barrel oil to adapt to a world where oil now sells for less than half that. Since mid-2014, the oil price has dropped by some 60%.
Shell sees quarterly profits plummet 70% as low oil price bitesCNBC
Shell’s Q2 Profits Crumble, Misses Estimates By $1B On Oil Price StingOilPrice.com
CompaniesWeak oil prices weigh on Shell in 2QFinancial Times
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