Smart. Sharp. Funny. Fearless.

Monday, December 09, 2019 {{ new Date().getDay() }}

LONDON (AFP) – Energy giant Royal Dutch Shell on Thursday said its net profits plunged by 57 percent in the second quarter compared with the equivalent period a year earlier.

The Anglo-Dutch group said earnings after tax slumped to $1.737 billion (1.308 billion euros) in the three months to June 30 compared with $4.1 billion in the second quarter of 2012.

“These results were undermined by a number of factors — but they were clearly disappointing for Shell”, chief executive Peter Voser said in an earnings statement.

Voser said the group’s bottom line was hit by higher costs, exploration charges, adverse currency exchange rates and unrest in major oil producer Nigeria.

Photo Credit: AFP/ Carl de Souza

Danziger Draws

Jeff Danziger lives in New York City. He is represented by CWS Syndicate and the Washington Post Writers Group. He is the recipient of the Herblock Prize and the Thomas Nast (Landau) Prize. He served in the US Army in Vietnam and was awarded the Bronze Star and the Air Medal. He has published eleven books of cartoons and one novel. Visit him at DanzigerCartoons.