Shell: CCS adjusted earnings halved in Q4
(CercleFinance.com) - Royal Dutch Shell has reported Q4 2019 adjusted (CCS) net income that is down 48% year-on-year at 2.
93 billion dollars, or 37 cents per share.
The Anglo-Dutch energy giant explains that this deterioration reflects lower oil, gas and LNG prices, lower refining and chemical margins, as well as negative movements in deferred tax positions.
In addition, Shell announces the launch of a new tranche of share repurchases for a maximum of 1 billion dollars, to be completed by 27 April, as well as a dividend of 47 cents per share for the past quarter.
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93 billion dollars, or 37 cents per share.
The Anglo-Dutch energy giant explains that this deterioration reflects lower oil, gas and LNG prices, lower refining and chemical margins, as well as negative movements in deferred tax positions.
In addition, Shell announces the launch of a new tranche of share repurchases for a maximum of 1 billion dollars, to be completed by 27 April, as well as a dividend of 47 cents per share for the past quarter.
Copyright (c) 2020 CercleFinance.com. All rights reserved.