Energy firm Shell sees Australia as an important place for its business
Energy firm Shell sees Australia as an important place for its business

The oil company reported a loss of $6.1bn (£4bn) in the quarter, compared with a $5.3bn profit last year.

Royal Dutch Shell
Royal Dutch Shell

It has taken an $8.6bn charge to cover the cost of halting projects such as Alaskan drilling and the Carmon Creek oil sands project in Canada.

The charges also reflect its lower predictions for the oil and gas prices.

“These are difficult, but impactful decisions,” said chief executive Ben van Beurden.

“I am determined that Shell will become a more focused and competitive company as a result.”

Source: BBC

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