Posted on Leave a comment

Royal Dutch Shell published third quarter results

Oil Giant Royal Dutch Shell, the manufacturer of products including Shell Omala S2 G 320 and Shell Tellus S2 M 46, has recently published its third quarter summary, which shows losses of $6.1 billion – a stark contrast to the $5.3 billion gain they made in the same quarter last year.

The company’s third quarter 2015 CCS earnings, excluding $1.8 billion of identified items, totalled $1.8 billion, which represents a $4.0 billion decrease from the $5.8 billion Shell declared in the third quarter of 2014.

The company’s earnings were impacted by around $1.0 billion of non-cash charges related to turbulent exchange rate effects on deferred tax positions, as well as various financing items that were not included as identified items.

Compared to 2014, the company showed improved Downstream and lower Upstream results. In Downstream, earnings benefited from a number of measures Shell too to improve their financial performance, as well as from higher realised refining margins.

However, Upstream earnings were negatively impacted by the lower prices for gas and oil. Luckily, these issues were offset in part by increase production volumes, lower costs and improved performance in operations.

Cash flow from third quarter operating activities totalled $11.2 billion, which was $1.4 billion lower than the same quarter last year, whilst cash flow from operating activities excluding working capital movements was $5.3 billion, compared to $11.1 billion in the third quarter of 2014.

Dividends distributed to Royal Dutch Shell plc shareholders this third quarter were $3.0 billion and a third quarter 2015 dividend of $0.47 per ordinary share and $0.94 per American Depositary share has been announced by the company.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.