Royal Dutch Shell CCS earnings $1.448 billionStaff Writer | November 1, 2016
Royal Dutch Shell reported that its third-quarter current cost of supplies or CCS earnings attributable to shareholders were $1.448 billion, compared to last year's loss of $6.12 billion.
Royal Dutch Shell Basic CCS earnings per ADS were $0.36
Income attributable to shareholders was $1.375 billion, compared to loss of $7.416 billion.
The latest quarterly results included certain identified charges of $1.34 billion, compared to last year's charges of $8.50 billion.
CCS earnings attributable to shareholders excluding identified items was $2.79 billion, compared to prior year's $2.38 billion. Basic CCS earnings per ADS excluding items were $0.70, compared to $0.76 a year ago.
The results benefited from increased production volumes mainly from BG assets,and lower operating expenses more than offsetting the increase related to the consolidation of BG, and lower well write-offs. This was partly offset by the decline in oil, gas and LNG prices.
Total revenue and other income declined to $62.94 billion from last year's $69.18 billion.
Further, Shell announced an interim dividend in respect of the third quarter of 2016 of $0.47 per A ordinary share and B ordinary share, same as last year. ■