Shell takes US$18 billion hit in June quarter

ROYAL Dutch Shell has reported a net loss of US$18.3 billion in the June quarter, down sharply from the $3 billion profit it recorded in the same period last year.

Shell takes US$18 billion hit in June quarter Shell takes US$18 billion hit in June quarter Shell takes US$18 billion hit in June quarter Shell takes US$18 billion hit in June quarter Shell takes US$18 billion hit in June quarter

Shell chief Ben Van Beurden told investors the company had delivered "resilient" cashflow performance in a "remarkably challenging environment.