Shell's profits hit by big write-offs

ReutersNewsPublished: October 29, 201524 views
Published: October 29, 2015

Royal Dutch Shell has reported a hefty $8.2 billion charge, equivalent to around 5 percent of its market value, due to write-offs on projects in the Alaskan Arctic and Canada. As Hayley Platt reports Europe's biggest oil producer isn't the only oil major grappling with weak oil prices - the whole industry is gradually slipping into a loss.

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