Shell's bottom line cut in half

One of the world's largest oil companies, Royal Dutch Shell, is taking a beating under what CEO Ben van Beurden calls "extremely challenging circumstances". The group now makes a historic cut into its dividend.

by MATHIAS JULIUS FALKENGAARD

It is quite telling that analyst firm Vara Technologies had already set the lowest analyst bid for Shell's first quarter bottom line to USD 412 million – at an almost unprecedented variance relative to the consensus estimate of USD 2.2 billion.

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