Showing posts with label Vote..... Show all posts
Showing posts with label Vote..... Show all posts

Wednesday, January 20, 2016

Royal Dutch Shell profits drop, a week before shareholders vote DEAL

For the fourth quarter it expects profits of $1.6bn to $1.9bn, less than half the $4.2bn it made a year ago.

It expects full year profits of $10.4bn to $10.7bn, below its $10.8bn guidance.
The oil firm has issued the preliminary results to enable investors to have up-to-date information on its performance ahead of the vote on 27 January.
Its shares fell 3.7% in early trading.
But chief executive Ben van Beurden said he was "pleased" with the results.
"The completion of the BG transaction, which we are expecting in a matter of weeks, will mark the start of a new chapter in Shell, to rejuvenate the company, and improve shareholder returns," he added.
Royal Dutch Shell's results are calculated on the basis of replacement cost, which reflects the current cost of supplies and is widely seen as the best measure of an oil firm's underlying performance.

Deal questioned

Share

Enter your Email Below To Get Quality Updates Directly Into Your Inbox FREE !!<|p>

Widget By

VAIDS

FORD FIGO