Royal Dutch Shell Plc reported its biggest net loss in more than a decade after halting some operations and lowering its oil-price expectations, resulting in a US$7.89bil charge.
The company, which is buying BG Group Plc in the industry’s largest deal this year, reported a third-quarter net loss of US$7.42bil, compared with a profit of US$4.46bil a year earlier.
The charges include US$4.61bil resulting from the withdrawal from drilling in Alaska and an oil-sands project in Canada, and US$3.69bil triggered by cuts to its outlook for oil and natural gas prices.
Shares of the company fell as much as 1.8%.
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The company, which is buying BG Group Plc in the industry’s largest deal this year, reported a third-quarter net loss of US$7.42bil, compared with a profit of US$4.46bil a year earlier.
The charges include US$4.61bil resulting from the withdrawal from drilling in Alaska and an oil-sands project in Canada, and US$3.69bil triggered by cuts to its outlook for oil and natural gas prices.
Shares of the company fell as much as 1.8%.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
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