AMSTERDAM (AP) ? Royal Dutch Shell PLC has reported a 15 percent fall in core earnings in the third quarter, saying falls in the price of gas and oil more than offset gains stemming from cost savings and production increases.
The company said earnings on the industry standard "current cost of supplies" measure, which strips out the impact of fluctuations in the price of oil between when it is produced and when it's sold, were $6.13 billion, down from $7.24 billion in the same period a year ago.
However, prices were lower than a year ago, partly because of the global economic uncertainty.
Net profit was $7.14 billion, up slightly from $6.98 billion in the same period a year ago, reflecting one-time losses a year ago. Sales fell 8.9 percent to $112 billion.
Source: http://news.yahoo.com/lower-oil-prices-weigh-shell-q3-073818200--finance.html
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