Several factors conspire to hurt returns
By Deborah Yedlin, Calgary Herald January 21, 2014What will be next for Royal Dutch Shell? Last Friday, the company issued a profit warning, announcing that fourth-quarter net income was going to be $2.9 billion US, down from $5.6 billion in the same period a year earlier.
It was the first such warning in a decade.
The company blamed a number of factors, including challenges on the refining side of its business, rising exploration costs and other challenges related to operating in countries such as Nigeria, where security continues to be a problem.