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Shell Follows Exxon, Warning Profits Are Falling Amid Oil and Gas Slump - Barron's

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Shell Follows Exxon, Warning Profits Are Falling Amid Oil and Gas Slump | Barron's

Shell Follows Exxon, Warning Profits Are Falling Amid Oil and Gas Slump

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Oil-and-gas giant Shell warned investors that profits fell in the second quarter, following rival Exxon’s statement earlier this week.

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Related Knowledge Center: ENERGY BASICS: petroleum

State of Play

While electric-powered vehicles may be the ride of the future, oil remains at least for now the dominant fuel for transportation around the world. And after a period of time at the end of the 20th century when oil was subject to wide fluctuations in price, new supplies in North America as a result of non-conventional recovery techniques have helped stabilize prices.

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