Another day of sagging earnings reports for major oil companies.
Europe's largest publicly-owned company, Royal Dutch Shell, says its net profit fell 67 percent in the second quarter to $3.82 billion dollars... Down from 11.6 billion in the same quarter of 2008.
The first major American oil company to report this quarter, Conoco Phillips, says it netted $1.3 billion dollars in the second quarter...
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