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New Shell boss spooks market with warning

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By Kate Holton: LONDON Fri Jan 17, 2014 7:26am EST

Screen Shot 2013-10-01 at 07.56.54Shell warns of ‘significant’ profit miss

(Reuters) – Royal Dutch Shell (RDSa.L) issued a “significant” profit warning on Friday, detailing across-the-board problems and the extent of the challenges facing the oil major’s new boss Ben van Beurden, who took over two weeks ago.

The warning comes nearly *10 years to the day after Shell, the western world’s No. 3 oil company, revealed the so-called reserves accounting scandal, when the group dramatically downgraded its reserves estimates.

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(*COMMENT BY JOHN DONOVAN: LOOKS LIKE REUTERS VISITED THIS WEBSITE EARLIER TODAY?)

 

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