August 1, 2019 / 6:13 AM / 20 days ago

Shell's profits slump to lowest in over two years on weak oil, gas prices

LONDON, Aug 1 (Reuters) - Royal Dutch Shell reported on Thursday a 25% drop in second quarter profit to $3.6 billion, the lowest since late 2016 and far short of expectations, citing lower oil and gas prices.

That compared with a profit forecast of $4.93 billion, according to a company-provided survey of analysts.

Cash flow from operating activities for the second quarter 2019 was $11 billion.

Reporting by Ron Bousso, editing by Deepa Babington

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