Royal Dutch Shell has announced its quarterly financial results and they’re not good.
“Shell’s current supply earnings for the quarter were a loss of $6 billion,” company CFO Simon Henry said.
Adjusted for changes and one-time tems, earnings fell 70 percent.
The company wrote off $7.9 billion for operations, which include its canceled exploration project off Alaska’s Arctic shores.
Liz Ruskin is the Washington, D.C., correspondent at Alaska Public Media. Reach her at lruskin@alaskapublic.org. Read more about Liz here.
