Shell lost USD 7.4 billion in Q3
Oil giant Shell is very much feeling the impact of falling oil prices and canceled projects, and the company sees a staggering 266 percent reduction in earnings in its third quarter, while its bottom line drops deep into the red.
BY MARTIN HAVTORN PETERSEN
Like many companies in the industry, oil giant Shell is feeling the heat from falling oil prices, and the company sees a drop of 266 percent in earnings in its third quarter. The bottom line dips deep into the red after the oil company was forced to pull out of a number of search projects.
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