Shell Q1 CCS earnings climb, revenues down; lifts dividend

The Hague, April 29, (dpa-AFX/GNA) – Royal Dutch Shell PLC reported Thursday that its first-quarter current cost of supplies or CCS earnings attributable to shareholders was 4.35 billion dollars, higher than last year’s 2.76 billion dollars.

Income attributable to shareholders was 5.66 billion dollars, compared to last year’s loss of 24 million. Earnings per share were 0.72 dollars, compared to breakeven last year.

The latest results included net gains on sale of assets of 1.4 billion dollars and gains of 0.4 billion dollars due to the fair value accounting of commodity derivatives.

Adjusted earnings for the quarter were 3.23 billion dollars, compared to 2.86 billion dollars last year. Adjusted earnings per share were 0.42 dollars, compared to prior year’s 0.37 dollars.

Revenue for the quarter declined to 55.67 billion dollars from last year’s 60.03 billion dollars.

Further, the Board announced an interim dividend in respect of the first quarter of 0.1735 dollars per A ordinary share and B ordinary share, an increase of around 4 per cent from the last quarter.

GNA