Shell facing biggest loss in a decade
Decline in price of crude and failed explorations drive down value
Royal Dutch Shell reported its biggest net loss in at least a decade as it wrote down the value of assets and lowered its oil-price expectations.
The company, which is buying BG Group in the industry’s largest deal this year, reported a third-quarter net loss of $7.42 billion, compared with a profit of $4.46 billion a year earlier. It took charges totaling $7.89 billion following its withdrawal from Alaskan offshore exploration and a ...
