Wednesday, April 29, 2009

Shell follows BP with 58% fall in first quarter

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FT.com
 All times are London time: Wednesday Apr 29 2009

Breaking news
Shell follows BP with 58% fall in first quarter
Royal Dutch Shell followed rival energy group BP in reporting a sharp fall in profits for the first quarter but exceeding analysts' expectations.

Net profit after tax, adjusted to remove the effect of changes in the value of inventories, fell to $3.3bn (£4.85bn) from $4.79bn in the equivalent period of 2008
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