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Shell Q4 2015 earnings expected to be $1.6 – 1.9 billion

Staff writer ▼ | January 20, 2016
When Shell announces its results on February 4, 2016, Shell's fourth quarter 2015 earnings on a current cost of supplies (CCS) basis excluding identified items are expected to be in the region of $1.6 – 1.9 billion.
Shell
Shell   Cash flow is expected to be $4.8 – 6 billion
Income attributable to Shell shareholders is expected to be $0.6 – 1 billion for Q4.
This includes Upstream of $0.4 – 0.5 billion, of which Integrated Gas some $1.6 – 1.9 billion, and Downstream of $1.4 – 1.6 billion, of which Oil Products some $1.3 – 1.4 billion and Chemicals some $0.1 – 0.2 billion. Shell's full year 2015 earnings on a CCS basis excluding identified items are expected to be in the region of $10.4 – 10.7 billion.

Identified items for the fourth quarter 2015 are expected to be in the range of a net charge of $0.2 billion to an immaterial gain, mainly reflecting gains on sale of assets and impairments; and for the full year 2015 are expected to be a net charge of some $6.8 – 7 billion.

Income attributable to Royal Dutch Shell plc shareholders is expected to be in the region of $0.6 – 1 billion for the fourth quarter 2015 and for the full year 2015 expected to be in the region of $1.6 – 2 billion.

Shell's cash flow from operating activities for the fourth quarter 2015 is expected to be in the region of $4.8 – 6 billion and for the full year 2015 expected to be in the region of $29.2 – 30.4 billion.

Production for the fourth quarter 2015 was 3 million boe/d, and for the full year 2015 2.9 million boe/d.

Gearing is expected to be 14% at the end of 2015, including net debt of $27 billion, compared to 12.2% at the end of 2014, and 12.7% at the end of third quarter 2015.

Underscoring Shell's commitment to returns to shareholders, dividends declared for 2015 are expected to be $1.88/share or $12 billion, and for 2016 at least $1.88/share or, assuming successful completion of the combination, $15 billion in total.


 

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