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Shell profits hit by Nigeria disruption

2013-08-01 09:58:00| Climate Ark Climate Change & Global Warming Newsfeed

Guardian: Oil thefts and gas supply disruptions in Nigeria contributed to a large fall in profits at Royal Dutch Shell in the second quarter. Europe's biggest oil company was also hit by the tax impact of a weaker Australian dollar, with profits falling to $4.6bn (3bn) from $6bn in the same period last year. The results were worse than analysts expected, and were described by Shell's outgoing chief executive, Peter Voser, as "disappointing". Shell was among the biggest fallers in the FTSE 100 in early...

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