Shell: Oil giant's profits fall as trading is hit by volatile markets

Shell has revealed that profits slid over the first half after a drop in trading profits and lower oil and gas prices.

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post.

00:04Shell has revealed that earnings slid over the first half of the financial year

00:08after a fall in trading profits and lower oil and gas prices affected its financial performance.

00:16The oil major told shareholders that adjusted earnings dropped by 30% to US$9.84 billion over the half year,

00:25compared with a year earlier.

00:27It added that income attributable to shareholders was also 23% lower

00:33due to the effect of weaker lower trading and optimisation margin and decreasing energy prices.