Shell Realizes Fall in Q3 Adjusted Net Profit

.

Shell Realizes Fall in Q3 Adjusted Net Profit

Royal Dutch Shell, the energy giant, has recently reported that it had to face volatile energy markets this year and the same has though made it realize a 2% increase in its Q3 net profit. The same has made it fall by some 6% in terms of adjusted net profit as compared to the figures noted at this point of time last year.

It has been told that where the net profit has been noted at $7.139 billion for three months ending September, the adjusted profit was $6.56 billion. Adjusted net profit is a key measure that helps in identifying changes in the value of stocks as well as other non-operating items, the report finds in the meantime.

The company further says that group revenues have also declined to $115.43 billion i. e. by 8.4% in the third quarter. But, it is being said that despite a fall in the adjusted net profit, the oil and gas company has realized a rise over market expectations that some $6.31 billion profit would be realized.

"Our earnings were driven by lower oil and gas prices, chemicals margins, which offset the benefits of our operating performance, underlying growth in production, and higher results in integrated products" sources quoted Chief Executive Peter Voser as affirming.


Latest News

Gap Announced by Beginning of Next year It will Phase Out On-Call Scheduling
Next Month Amazon Plans to Launch Its Video Streaming Service Tailored for Custo
Burger King Proposes to Create McWhopper with McDonald
Schlumberger Acquiring Cameron in a Cash and Stock Deal
Former J.P. Morgan Analyst Indicted on Federal Charges for Insider Trading
US President Barack Obama Flies to the Nevada Desert to Support the Growth of So
Public Service Commission Approves Ownership Transfer of Wind Project to Xcel En
Crude Oil Prices Firm but Close to Six Year Low; Asian Stocks Continue to Slide
Fed Up Activists to Emphasize on Income Inequality at Jackson Hole Conference
Leadership Change at China Mobile; Shang Bing Named as the New Chairman
Gasoline Price Slide in Gas Stations Stalled due to Production Woes
Drone Test Site at North Dakota Permitted to Fly High Day and Night