Shell Earnings Tumble to 11-Year Low on Oil, Weaker Refining

  • Profit misses analyst estimates by more than $1 billion
  • Lower crude prices remain ‘significant challenge,’ CEO says

Shell Misses Earnings Estimates by More Than $1 Billion

Royal Dutch Shell Plc reported the lowest quarterly earnings in 11 years and missed estimates by more than $1 billion as a mix of lower energy prices, weaker refining margins and production halts weighed on Europe’s largest oil company.

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