Royal Dutch Shell plc
Shell: Q1 2006 results
Shell, Europes’ second largest oil firm announced healthy profits for the first quarter of 2006, ahead of market expectations. On a CCS basis (i.e. on an estimated current cost of supplies sometimes called replacement cost basis) earnings rose 12% to $6,088m in Q1, with better prices offsetting lower production levels.
Growth was lead by the upstream […]
Shell: full year results
High oil prices have seen Shell report a 30% increase in earnings (at current cost of supplies) for the year to December 2005. On an IFRS basis the company reported a 3% growth in pre-tax profits for Q4 (to $7,933m) and a 41% increase in pre-tax profits for the year (to $44,567m).
Production for the […]
Shell: 3Q results
High oil prices have seen Shell report record 3Q profits. Boosted by one-off gains of $1.57bn, mainly related to the sale of an interest in Dutch gas distributor Gasunie, nine-month profits rose to $17.54bn. Third-quarter profits reached $7.37bn.
The growth was mainly in Exploration and production where nine month profits rose by 53% to $10.6bn. Profits […]
Shell: H1 Results
Shell announced a 39% increase (to US$11,911m) in profits attributable to shareholders for the half year to June 2005. The increase was largely due to better prices, realisations increased by 42%. The output of crude oil dropped by 6% to 2.15m barrels per day while natural gas output was flat at 8.8m scf/d (standard […]
Shell: Q1 Results
Riding the boom in the oil industry, Shell announced a 28% increase in profits on a replacement cost basis, ahead of market expectations.
Shell
Shell announced record profits of US$18.5bn (£9.8bn) for 2005 but the results were overshadowed by yet another restatement of reserves, the fifth in just over a year. The review and audit of reserves (for the period upto end 2003) has been completed resulting in a further restatement of around 1.4bn boe of proved reserves. Proved […]
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