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Shell shares fall on spending cut

Royal Dutch Shell shares have taken a hit after the oil company missed profit expectations and announced a three-year, $15 billion cut in spending. As Katie Gregory reports it reflects the steep fall in oil prices which are now near a six year low.

http://www.wltx.com/video/4020262779001/1/Shell-shares-fall-on-spending-cut http://cdn.newslook.com/c1/c17909181ed1d6c932a48c5f87bbc2bd/images/frame_ext.jpg Shell shares fall on spending cut Royal Dutch Shell shares have taken a hit after the oil company missed profit expectations and announced a three-year, $15 billion cut in spending. As Katie Gregory reports it reflects the steep fall in oil prices which are now near a six year low. Total S.A.Ben van BeurdennewslookChris BeauchampBPTOTFRoyal Dutch ShellKatie Gregory 01:45

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