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.
|October, 17, 10:35:00|
|October, 17, 10:30:00|
|October, 17, 10:25:00|
|October, 17, 10:20:00|
|October, 17, 10:15:00|
|October, 17, 10:10:00|
REUTERS - The United States must not determine European energy policy or decide whether Germany buys Russian gas, a top German diplomat said on Tuesday.
FT - “Total has great ambition in this country, we want to be the largest foreign oil and gas player here,” the company’s chief executive Patrick Pouyanné said on Monday at the launch of a factory outside Moscow.
PLATTS - Petrobras is to form two joint venture companies with China National Petroleum Corp. (CNPC) to complete construction of a refinery and revitalize four mature fields in the offshore Campos Basin, the state-owned Brazilian company said
BLOOMBERG - The wealth fund’s initial case had focused on limiting Norway’s exposure to a drop in oil prices, given its status as western Europe’s biggest petroleum producer. When the proposal was first made last year, it rocked markets, and drew responses from a number of major investors.