"Profit after taxation slumped to $206 million in the three months to September, after a net profit of $4.9 billion in the same period in 2023."
"The group earlier this month flagged to markets that its latest earnings would take a sizeable hit after oil prices have fallen on concerns over Chinese demand and the prospect of higher crude production in 2025."
"Total revenue dropped around 11 percent to $48.3 billion."
"In oil and gas, we see the potential to grow through the decade with a focus on value over volume," chief executive Murray Auchincloss said in an earnings statement.
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