Royal Dutch Shell Reports 57 Percent Drop In Net Income

LONDON (AP) — Royal Dutch Shell PLC, Europe's largest oil company by market value, said Thursday that fourth quarter net income fell 57 percent to $773 million and that it would cap spending this year in response to falling oil prices. Shell is one first big producers to report earnings since the recent plunge in oil prices, so the results are likely to set the tone for its peers.

Topics:  london ap     royal dutch shell plc   europe   shell   percent   net income   oil   prices   
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