LONDON: Royal Dutch Shell on Wednesday (Thursday in Manila) said it expected a sharp decline in full-year net profits, as plunging oil prices slash the earnings of leading energy companies.
The Anglo-Dutch group forecast in a statement that profit after tax of between $1.6 billion and $2.0 billion (1.5 billion euros and 1.8 billion euros) during 2015. This compares with net profit of almost $15.0 billion in 2014.
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