Royal Dutch Shell has confirmed it is cutting 10,000 jobs amid its steepest fall in annual profits for 13 years.
It made $1.8bn (£1.23bn) for the fourth quarter of the year, compared with a $4.2bn profit for the same period the year before.
Full-year 2015 earnings, excluding identified items, were $10.7bn, compared with $22.6 billion in 2014.
The oil firm indicated it would report a massive drop in profits two weeks ago.
