Shell: Second quarter 2015 results

30 juli 2015
Shell

Second quarter 2015 summary of unaudited results

• Royal Dutch Shell’s second quarter 2015 earnings, on a current cost of supplies (CCS) basis (see Note 2), were $3.4 billion compared with $5.1 billion for the same quarter a year ago.
• Second quarter 2015 CCS earnings excluding identified items (see page 4) were $3.8 billion compared with $6.1 billion for the second quarter 2014, a decrease of 37%.
• Compared with the second quarter 2014, CCS earnings excluding identified items benefited from strong Downstream results reflecting steps taken by the company to improve financial performance and higher realised refining margins. In Upstream, earnings were impacted by the significant decline in oil and gas prices and decreased production volumes, partly offset by lower costs and depreciation.  ….