Royal Dutch Shell

Shell reports third-quarter profit dip but still beats forecasts

A shell gas station.
Photo: Omar Marques/SOPA Images/LightRocket via Getty Images)

Royal Dutch Shell reported a net third-quarter profit of $4.77 billion on Thursday, a 15% slide from the same period last year that nonetheless exceeded analysts' expectations.

Why it matters: It's the latest — and expected — sign of how lower oil prices are weighing on the industry as profit reports roll in. U.S.-based global giants ExxonMobil and Chevron report tomorrow.

Shell tells union workers to attend Trump event or lose out on wages: Reports

President Donald Trump speaks to 5000 contractors at the Shell Chemicals Petrochemical Complex on August 13
President Trump speaks to 5,000 contractors at the Shell Chemicals Petrochemical Complex in Monaca, Pennsylvania, Aug. 13. Photo: Jeff Swensen/Getty Images

Union workers at Royal Dutch Shell's Pennsylvania petrochemical plant were given the option of attending President Trump's address there this week or miss out on wages, the Pittsburgh Post-Gazette first reported Saturday.

Details: A contractor relayed to employees that Shell sent union leaders a memo the day before Trump's visit Tuesday to the $6 billion construction site that attendance wasn't mandatory, but "only those who showed up at 7 a.m., scanned their ID cards, and prepared to stand for hours — through lunch but without lunch — would be paid," according to the news outlet.