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DewDiligence

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Re: Timothy Smith post# 10708

Wednesday, 01/20/2016 8:21:47 PM

Wednesday, January 20, 2016 8:21:47 PM

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Shell’s 4Q15 earnings down >50% YoY:

http://www.wsj.com/articles/shell-profit-tumbles-amid-oil-price-slump-1453275600

The Anglo-Dutch oil giant said its adjusted earnings for 2015 likely were to fall more than 50%, to between $10.4 billion and $10.7 billion from more than $22 billion in 2014. Adjusted earnings exclude items such as impairments, divestment gains and losses and restructuring costs.

In the upstream segment, the 4Q15 YoY earnings decline was >70%.

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