Royal Dutch Shell PLC said Monday it is selling its stake in an Australian natural-gas project, the oil company’s first disposal since it issued a rare profit warning last week . Shell said it has agreed to sell its 8% equity interest in the Wheatstone-Iago gas field, which is operated by U.S.-based Chevron Corp. , and 6.4% interest in the Wheatstone liquefied-natural-gas project in Western Australia for $1.14 billion in cash to state-owned Kuwait Foreign Petroleum Exploration Co. “Shell will remain a major player in Australia’s energy industry,” Shell Chief Executive Ben van Beurden said. “However, we are refocusing our investment to where we can add the most value with Shell’s capital and technology.” Shell said Friday it expects fourth-quarter earnings, which it will announce next week, to be $2.2 billion, down about 70% from $7.3 billion a year earlier. It projected full-year earnings of $16.8 billion, down […]