Offshore

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.
Photo: Shell
Photo: Shell
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.

Already a subscriber?Log in here

Read the whole article

Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading

    Jobs