Royal Dutch Shell Releases Q1 2016 Earnings Statement

Royal Dutch Shell (RDS-B, RDSB.L, RDSA.L, RDS-A) reported Wednesday that its first-quarter loss before tax was $642 million, compared to profit of $5.84 billion last year.

Income attributable to shareholders plunged 89 percent to $484 million from $4.43 billion a year ago.

Shell’s first quarter CCS earnings attributable to shareholders were $814 million, down 83 percent from $4.76 billion for the same quarter a year ago. Basic CCS earnings per ADS were $0.22, compared to $1.52 last year.

The results were impacted by the decline in oil, gas and LNG prices and weaker refining industry conditions.

The latest results included BG Group plc following completion of the acquisition on February 15.

Total revenue and other income declined to $49.73 billion from last year's $68.85 billion.

LNG sales volumes of 12.29 million tonnes were 25% higher mainly reflecting the impact of the acquisition of BG. Oil products sales volumes were 1% lower

Further, the company announced an interim first-quarter dividend of $0.47 per A ordinary share and B ordinary share, and $0.94 per American Depositary Share.

(Nasdaq)

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