U.S. markets close in 4 hours 27 minutes

Shell Cuts Dividend for First Time Since Second World War

Apr.30 -- The oil industry is facing a "crisis of uncertainty," says Royal Dutch Shell Plc Chief Executive Officer Ben van Beurden. "Maybe even uncertainty about the viability of some of our assets," he said in an exclusive interview on "Bloomberg Markets: European Open." Van Beurden spoke after Shell cut its dividend for the first time since the Second World War amid the oil slump triggered by the coronavirus pandemic.