Royal Dutch Shell Plc has today announced its disappointing fourth-quarter figures. The “Company turned in one of its worst performances in more than a decade.”
The Telegraph says that the company has dashed investor hopes for a resurgence in profits. It reports that “for the year as a whole Shell deepened its losses in its exploration and production business from $2.2bn to $2.7bn”.
CNBC says that Ben van Beurden, CEO of Royal Dutch Shell Plc has conceded that the earnings figures do not “look good” for investors. Their article headline says: Shell posts earnings of $3.5 billion in 2016; an 8% slide from $3.8 billion in 2015
An FT article makes the point that key earnings have fallen by 44% and says that the results will “disappoint investors who hoped for a stronger show of momentum on the back of higher oil prices and continues the choppy performance by Shell since its $50bn takeover of BG Group completed last year”.
What Forbes has aptly described as a debt-laden purchase of BG Group plc.
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