Oil giant Royal Dutch Shell has reported a sharp fall in profits due to falling demand for oil from a weak global economy.
The Netherlands-based company made $US1.2 billion in the December quarter, a decrease of 75% compared with the same period a year ago.
For the full year, Shell made $US9.8 billion, compared with $US31.4 billion the year before.
Shell says it plans to cut 1000 jobs as a part of a $US1 billion cost-cutting programme this year.
