Thursday, July 29, 2010

Shell 2Q earnings nearly doubled to US$4.5b

KUALA LUMPUR: Royal Dutch Shell's second quarter 2010 (2QFY10) earnings, on a current cost of supplies (CCS) basis, rose 95.6% to US$4.5 billion from US$2.3 billion a year ago.

It announced in London on Thursday, July 29 that basic CCS earnings per share increased by 95% versus the same quarter a year ago.

Main highlights of the earnings: Second quarter 2010 CCS earnings, excluding identified items, were US$4.2 billion compared to US$3.1 billion in the second quarter 2009.

Cash flow from operating activities for the second quarter 2010 was US$8.1 billion.

Net capital investment for the quarter was US$5.6 billion. Total dividends paid to shareholders during the second quarter 2010 were US$2.4 billion.

Gearing at the end of the second quarter 2010 was 16.9%.

A second quarter 2010 dividend has been announced of 42 cents per ordinary share.


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