Shell shows steep losses in Q3 earnings report

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,” says Simon Henry, Shell’s chief financial officer. 
Adjusted for inventory changes and one-time items, earnings dropped 70 percent. The company wrote off $7.9 billion for operations, which include its canceled exploration project off Alaska’s Arctic shores.
Like many oil