SHELL EARNINGS $15.8 BLN
SHELL - CCS earnings attributable to shareholders excluding identified items were $4.3 billion for the fourth quarter 2017 and $15.8 billion for the full year 2017, reflecting increased contributions from all businesses, compared with 2016. Full year earnings benefited mainly from higher realised oil, gas and LNG prices, improved refining performance and higher production from new fields, which offset the impact of field declines and divestments.
Cash flow from operating activities for the fourth quarter 2017 of $7.3 billion included negative working capital movements of $1.1 billion. Excluding working capital effects, cash flow from operations was $8.4 billion. Full year 2017 cash flow from operating activities of $35.7 billion included negative working capital movements of $3.2 billion.
Total dividends distributed to shareholders in the quarter were $3.9 billion, of which $1.6 billion were settled by issuing 52.7 million A shares under the Scrip Dividend Programme. In November, Shell announced the cancellation of the Scrip Dividend Programme from the fourth quarter 2017. Shell expects to announce a dividend of $0.47 per ordinary share and $0.94 per American Depositary Share for the first quarter 2018.
Summary of unaudited results $ million
|Q4 2017||Q3 2017||Q4 2016||% 1||Definition||Full year
|3,807||4,087||1,541||+147||Income/(loss) attributable to shareholders||12,977||4,575||+184|
|3,082||3,698||1,032||+199||CCS earnings attributable to shareholders||Note 2||12,081||3,533||+242|
|(1,221)||(405)||(763)||Of which: Identified items2||A||(3,683)||(3,652)|
|4,303||4,103||1,795||+140||CCS earnings attributable to shareholders excluding identified items||15,764||7,185||+119|
|94||105||40||Add: CCS earnings attributable to non-controlling interest||418||270|
|4,397||4,208||1,835||+140||CCS earnings excluding identified items||16,182||7,455||+117|
|7,275||7,582||9,170||-21||Cash flow from operating activities||35,650||20,615||+73|
|(665)||(3,912)||(3,429)||Cash flow from investing activities||(8,029)||(30,963)|
|6,610||3,670||5,741||Free cash flow||H||27,621||(10,348)|
|0.46||0.50||0.19||+142||Basic earnings per share ($)||1.58||0.58||+172|
|0.37||0.45||0.13||+185||Basic CCS earnings per share ($)||B||1.47||0.45||+227|
|0.52||0.50||0.22||+136||Basic CCS earnings per share excl. identified items ($)||1.92||0.92||+109|
|0.47||0.47||0.47||-||Dividend per share ($)||1.88||1.88||-|
1 Q4 on Q4 change
2 Fourth quarter 2017 includes a non-cash charge of $2,014 million related to the impact of the US tax reform legislation.
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AOG - The Dubai Electricity & Water Authority (DEWA) is to invest around $22bn on new energy projects across the next five years, with the renewables sector accounting for an increasing share of electricity generation, according to CEO Saeed Mohammed Al Tayer.
TRANSCANADA - TransCanada Corporation (TSX:TRP) (NYSE:TRP) (TransCanada or the Company) announced net income attributable to common shares for fourth quarter 2017 of $861 million or $0.98 per share compared to a net loss of $358 million or $0.43 per share for the same period in 2016. For the year ended December 31, 2017, net income attributable to common shares was $3.0 billion or $3.44 per share compared to net income of $124 million or $0.16 per share in 2016.
ROSATOM - February 13, 2018, Moscow. – ROSATOM and the Ministry of Scientific Research and Technological Innovations of the Republic of Congo today signed a Memorandum of Understanding on cooperation in the field of peaceful uses of atomic energy.
FRB - Industrial production edged down 0.1 percent in January following four consecutive monthly increases. Manufacturing production was unchanged in January. Mining output fell 1.0 percent, with all of its major component industries recording declines, while the index for utilities moved up 0.6 percent. At 107.2 percent of its 2012 average, total industrial production was 3.7 percent higher in January than it was a year earlier. Capacity utilization for the industrial sector fell 0.2 percentage point in January to 77.5 percent, a rate that is 2.3 percentage points below its long-run (1972–2017) average.