Royal Dutch Shell plc releas third quarter results
Royal Dutch Shell reported a 47 percent profit increase to $4.1 billion on Thursday, driven by gains in oil refining and trading operations.
Cash flow from operations in the third quarter fell by 11 percent from a year earlier to $7.58 billion.
Royal Dutch Shell Chief Executive Officer Ben van Beurden commented:
“Shell’s three businesses all made resilient contributions to this strong set of results.
Upstream generated almost half of the $10 billion cash flow from operations excluding working capital this quarter, at an average Brent oil price of $52 per barrel, and this was complemented by good cash contributions from our growing Integrated Gas business and from Downstream. This competitive performance is further evidence of Shell’s growing momentum, and strengthens my firm belief that our strategy is working.”
Third-quarter net income attributable to shareholders, based on current cost of supplies (CCS) and excluding exceptional items, was $4.1 billion.
Royal Dutch Shell plc third quarter 2017 interim dividend
The Board of Royal Dutch Shell plc (“RDS”) also announced an interim dividend in respect of the third quarter of 2017 of US$0.47 per A ordinary share (“A Share”) and B ordinary share (“B Share”), equal to the US dollar dividend for the same quarter last year.
Click here for Shell Third quarter 2017 summary of unaudited results
Source / More: Royal Dutch Shell plc
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