Shell warns of 'significant' profit miss


LONDON: Royal Dutch Shell 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.

Save 30% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 9.73/month

Billed as RM 9.73 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 8.63/month

Billed as RM 103.60 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

YNH Property defers perpetual securities coupon payments to preserve liquidity
Economic confidence lifts ringgit versus US dollar, major currencies at the close today
Citaglobal secures RM48.5mil MCMC Wi-Fi project
Hartanah wins RM184mil Sarawak Stadium job
EG Industries expands Thailand footprint with RM6.1mil land deal
Insurance, takaful industry publishes reference price guide for private healthcare services
FBM KLCI hits seven-year high, ringgit breaches RM4 mark
Li Ka-shing mulls new ownership structure to complete ports deal
Trump’s decision day on Fed pick poses stress test for traders
Bursa Malaysia launches affordable Mini FTSE KLCI Futures on Jan 26

Others Also Read