AMSTERDAM (AP) — Royal Dutch Shell PLC saw its core earnings fall 15 percent in the third quarter on the back of lower oil and gas prices and insisted that its strategy to boost production was on track despite failing to strike oil in Alaska before the onset of winter.
Shell said Thursday its earnings on the industry standard “current cost of supplies” measure, which attempts to strip out the impact of changes in the value of inventory, were $6.13 billion, down from $7.24 billion in the same period a year ago — smack in the middle of the range of analyst expectations.
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