Royal Dutch Shell has become the latest victim of the oil price rout after it confirmed 10,000 jobs would be axed amid its sharpest decline in income in 13 years.
Pummelled by low crude prices, income for the year slumped 87pc to $1.9bn.
The oil major said earnings on a current cost of supplies basis, its preferred way of measuring profits, tumbled 56pc in the final three months of 2015 to $1.8bn, compared to $4.2bn in the previous year.
The torrid quarter took its toll on the Anglo-Dutch...
Shell's profits plunge 80pc amid oil price slump
Pummelled by low crude prices, income for the year slumped 87pc to $1.9bn.
The oil major said earnings on a current cost of supplies basis, its preferred way of measuring profits, tumbled 56pc in the final three months of 2015 to $1.8bn, compared to $4.2bn in the previous year.
The torrid quarter took its toll on the Anglo-Dutch...
Shell's profits plunge 80pc amid oil price slump