The first of Big Oil corporations reported Q4 and full-year 2019 results on Thursday, and the financials Royal Dutch Shell ( NYSE:RDS.A ) released doesn’t bode well for the rest of the oil majors expected to report later this week and next Shell’s fourth-quarter profit tumbled by 48 percent, and while it had already warned of an impairment charge in Q4, the results were even more underwhelming and below analyst expectations. Shell’s current cost of supplies (CCS) earnings attributable to shareholders and excluding identified items slumped to $2.9 billion in Q4 from $4.767 billion in the same period of 2018, reflecting lower realized oil, gas, and liquefied natural gas (LNG) prices, and weaker realized refining and chemicals margins, the supermajor said on Thursday. Fourth quarter-identified items primarily reflected a charge of $1.647 billion related to impairments, mainly in unconventional gas assets in the U.S., Shell said. Full-year 2019 earnings […]