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10/28, 8:04 AM (Source: TeleTrader)
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Shell reports $0.4 billion loss in third quarter

Royal Dutch Shell plc announced on Thursday that its loss attributable to shareholders in the third quarter of 2021 amounted to $447 million, as opposed to an income of $489 million posted a year ago.

Meanwhile, adjusted earnings in the three-month period skyrocketed over 332% to $4.13 billion. The energy giant's dividend per share stood at $0.24, unchanged compared to the last quarter.

"This quarter we've generated record cash flow, maintained capital discipline and announced our intention to distribute $7 billion to our shareholders from the sale of our Permian assets," CEO Ben van Beurden commented.

Baha Breaking the News (BBN) / BU