Shell Profit Misses Estimates

(Bloomberg) — Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.Royal Dutch Shell Plc slowed the pace of share buybacks as profit missed expectations, underscoring the pressure on Big Oil due to slumping natural gas prices and weaker refining.The results set a gloomy tone for what is expected to be a broadly weaker set of quarterly results for the industry. The final months of last year saw gas trade at historic lows, while slowing economic growth shrank margins from making fuel and chemicals.The Anglo-Dutch company first warned investors last quarter that it …read more

Source:: Yahoo Finance

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