Wall Street Journal | Oil-Price Rout Casts Shadow Over Earnings in Energy Sector Wall Street Journal The sector's second quarter results show how difficult it is for companies built to spend billions of dollars pumping $100-a-barrel oil to adapt to a world where oil now sells for less than half that. Since mid-2014, the oil price has dropped by some 60%. Shell Earnings Tumble to 11-Year Low on Oil, Weaker Refining Shell profits plummet 70pc as tumbling oil prices bite Shell sees quarterly profits plummet 70% as low oil price bites |