PILIPINAS Shell Petroleum Corp. reported on Tuesday its net income in the first nine months of the 2019 went down by 39.2 percent to P4.4 billion from P7.2 billion in the same period last year.

In the third quarter alone, the oil company’s net income slumped by 63.4 percent to P640.67 million from P1.75 million in 2018.

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