Worst results for Shell in a century
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12/02/1999
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Statesman (New Delhi)
Shell produced the worst results in its century long history yesterday , reporting a 95 per cent fall in net income, with its chairman admitting that his job is now on the line after the oil group allowed its competitors to overtake it. Shell reported net income for 1998 of just $ 350 million and a fourth-quarter loss of $3.7 billion and $4.4 billion in special charges.