Thursday, October 31, 2019

Shell Q3 CCS Profit Excl. Items Declines; Launches Next Tranche Of Share Buyback

Royal Dutch Shell plc (RDS-B, RDSB.L, RDSA.L, RDS-A) reported third-quarter income attributable to shareholders of $5.88 billion, an increase of 1 percent from prior year. Earnings per share was $0.73 compared to $0.70. CCS earnings attributable to shareholders improved 9 percent to $6.08 billion. Basic CCS earnings per share was $0.76 compared to $0.67. CCS earnings attributable to shareholders excluding identified items declined 15 percent to $4.77 billion, reflecting lower realised oil, LNG and gas prices, as well as weaker realised refining and chemicals margins. Basic CCS earnings per share excluding identified items was $0.59, down 13 percent from prior year.

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