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Shell net profit sinks 35% in first-quarter as oil prices fall
Shell net profit sinks 35% in first-quarter as oil prices fall
Economy
By AFP

British energy giant Shell on Friday reported a sharp drop in first-quarter net profit as it was hit by weaker oil prices but pushed ahead with shareholder returns. BP this week reported that its net profit dropped 70 percent in the first quarter to $687 million, driven by weaker gas sales and lower refining margins. ajb/yad