Shell's profit falls 44%; announces 10k job cuts
Multinational oil and gas major Royal Dutch Shell Plc on Thursday reported a 44% year-on-year drop in profits for the quarter ended December to $1.8 billion amid falling oil prices. The company also reported an 80% fall in profits for 2015 to $3.8 billion. Further, it announced 10,000 job cuts following the steep fall in annual profits. 