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.
|August, 17, 12:01:00|
|August, 17, 11:55:00|
|August, 17, 11:50:00|
|August, 17, 11:45:00|
|August, 17, 11:40:00|
|August, 17, 11:35:00|
U.S. FRB - Industrial production edged up 0.1 percent in July after rising at an average pace of 0.5 percent over the previous five months. Manufacturing production increased 0.3 percent, the output of utilities moved down 0.5 percent, and, after posting five consecutive months of growth, the index for mining declined 0.3 percent. At 108.0 percent of its 2012 average, total industrial production was 4.2 percent higher in July than it was a year earlier. Capacity utilization for the industrial sector was unchanged in July at 78.1 percent, a rate that is 1.7 percentage points below its long-run (1972–2017) average.
NPD - Preliminary production figures for July 2018 show an average daily production of 1 911 000 barrels of oil, NGL and condensate, which is an increase of 64 000 barrels per day compared to June.
GAZPROM NEFT - For the first six months of 2018 Gazprom Neft achieved revenue** growth of 24.4% year-on-year, at one trillion, 137.7 billion rubles (RUB1,137,700,000,000). The Company achieved a 49.8% year-on-year increase in adjusted EBITDA, to RUB368.2 billion. This performance reflected positive market conditions for oil and oil products, production growth at the Company’s new projects, and effective management initiatives. Net profit attributable to Gazprom Neft PJSC shareholders grew 49.6% year on year, to RUB166.4 billion. Growth in the Company’s operating cash flow, as well as the completion of key infrastructure investments at new upstream projects, delivered positive free cash flow of RUB47.5 billion for 1H 2018.
REUTERS - Front-month Brent crude oil futures LCOc1 were at $72.34 per barrel at 0648 GMT, down by 12 cents, or 0.2 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures CLc1 were down 23 cents, or 0.3 percent, at $66.81 per barrel.