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Shell Q3 earnings up and payout maintained as units resilient

Staff Writer | November 2, 2017
Royal Dutch Shell reported a rise in earnings for the third quarter of 2017 and maintained its dividend payout to shareholders, with all three of its businesses making "resilient contributions" to its results.
Royal Dutch Shell
Royal Dutch Shell   $3.70 billion for the third quarter
The oil major reported earnings on a current cost of supplies basis attributable to shareholders of $3.70 billion for the third quarter ended in September, more than double the $1.45 billion it reported the same period the year before.

This takes CCS earnings for the first nine months to $9.00 billion, up from $2.50 billion.

For the quarter, Shell - London's largest company by market capitalisation - proposed an unchanged dividend of $0.47, taking its dividends for the nine months to an unchanged $1.41.

Looking ahead, Shell said it expects its fourth quarter corporate earnings excluding exceptional items and exchange rate impacts to be a net charge of $350 million to $450 million.


 

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