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Royal Dutch Shell profits hit by weaker oil price

  • Royal Dutch Shell has reported a 13 percent fall in second quarter profits due to weaker oil and North American gas prices.

    Europe's biggest oil company said profits fell to $5.7 billion in the April-June period compared to $6.6 billion a year earlier.

    Oil and gas production volumes were 4 percent higher at 3.1 million barrels a day in the second quarter compared with a year earlier.

    The company is set to invest some $32 billion this year on capital investment, with more than 20 upstream, exploration and production projects under construction.