Shell Has Biggest Loss in More Than a Decade on Price Slump

  • Company reports net loss after taking $7.9 billion charge
  • Third-quarter adjusted profit drops 70% to $1.8 billion

Is There More Cost-Cutting Ahead for Shell?

Royal Dutch Shell Plc reported its biggest net loss in at least 16 years after Europe’s largest energy group abandoned some projects and lowered its oil-price expectations, resulting in a charge of almost $8 billion.

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