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Royal Dutch Shell completely whiffed in the U.S. and North America

Screen Shot 2013-09-16 at 00.01.41

Screen Shot 2013-10-01 at 07.56.54Oil prices in the United States hover near $100 per barrel and overall domestic production of oil and natural gas is soaring. With all this in mind, you’d assume the environment would be ripe for Big Oil to produce gushing profits.

Royal Dutch Shell completely whiffed in the U.S. and North America. Its Americas segment posted a $1.4 billion net loss in the fourth quarter and a $3.7 billion net loss for all of 2013.

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