Oil giant Shell changing focus as profits fall

Jan 30, 2014, 5:25 AM EST
A sign stands at a Shell gas station on October 31, 2013 in San Francisco, California. Royal Dutch Shell reported a 32% decline in third quarter profits with earnings of $4.5 billion compared to $6.5 billion one year ago.
AFP/Getty Images

Oil giant Royal Dutch Shell is stepping up asset disposals as part of a strategy that will see the company "changing emphasis" in 2014. The changes will involve Shell stopping its exploration program in Alaska.
Background:
Royal Dutch Shell 'changing emphasis' as profits fall [BBC]
Shell to step up asset sales [NYT]
Shell sells stake in Brazil oilfield to Qatar for $1B [Bloomberg]

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