Royal Dutch Shell reports a 44% plunge in fourth quarter profits
Fourth quarter earnings were $1.8B, down from $4.2B for the previous year/quarter. Results were the worst since 2004 but slightly better than expected. The company is selling $10 billion worth of assets and will be "redirecting" 10,000 employees as a results of its takeover of BG Group.
Shell also noted it will be delaying an investment decision on its LNG project in Kitimat.