Friday 30 October 2015

SHELL HIT BY $6.1B LOSS OVER FALLING GLOBAL OIL PRICES

Royal Dutch Shell yesterday revealed a loss of $6.1 billion during the third quarter of 2015 compared with a gain of $5.3 billion for the same quarter a year ago.

The company’s third quarter 2015 Current Cost of Supplies (CCS) earnings were $1.8 billion compared with $5.8 billion for the third quarter of 2014, representing a decrease of 70 per cent.

Read more @ The Guardian

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