Oil major Shell reduces dividend as first-quarter net profit tumbles 46% on the year before

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Oil major Shell reduces dividend as first-quarter net profit tumbles 46% on the year before
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Shell reduces dividend as first-quarter net profit tumbles 46% on the year before

for the first quarter and reduced its dividend Thursday, following a dramatic slide in oil prices amid the coronavirus crisis.

Analysts polled by Refinitiv had expected first-quarter net profit to come in at $2.5 billion for the quarter.

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