Shell anticipates $400M hit to Q3 earnings due to Hurricane Ida

Category 4 storm did significant damage to company's offshore facilities

Significant loss: Shell reports that it anticipates a loss of $400 million in revenue as a result of production losses caused by Hurricane Ida — Significant loss: Shell reports that it anticipates a loss of $400 million in revenue as a result of production losses caused by Hurricane IdaPhoto: REUTERS

Mark Passwaters

Houston

Shell Louisiana US Gulf of Mexico Mars Mississippi Canyon

Published 7 October 2021, 18:11Updated 7 October 2021, 18:11