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Royal Dutch Shell Q1 Profit Slips; CEO Peter Voser To Retire In H1 2014

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us
rttnewslogo20mar2024

Energy major Royal Dutch Shell Plc (RDS-A, RDSA.L, RDSB.L, RDS-B) posted a decline in first-quarter income attributable to shareholders to $8.18 billion, from $8.74 billion reported a year back, with quarterly earnings per share dropping to $1.29, from the prior year's $1.40. Three-month pre-tax income totaled $13.3 billion, down compared with $15.4 billion, as restated, in the earlier year quarter.

On a current cost of supplies or CCS basis, quarterly earnings were $8.0 billion, compared with last year's $7.7 billion, and basic CCS earnings per American Depository Share or ADS improved to $2.52, from $2.46 for the first quarter 2012.

Excluding identified items, CCS earnings improved 3% to $7.5 billion, from $7.3 billion, with basic CCS earnings per share before items for the quarter up by 2% year-over-year to $1.19, from $1.17.

On the other hand, first-quarter total revenue and other income decreased to $115.5 billion, from the restated $123.77 billion a year before.

Separately, Shell announced that Chief Executive, Peter Voser, has elected to retire in the first half of 2014. Voser was named CEO with effect from July 2009 and has been an Executive Director since 2004.

Further, the board announced an interim dividend for the first quarter of 2013 of $0.45 per A ordinary share and B ordinary share, an increase of $0.02 on the equivalent US dollar dividend for the same quarter last year.

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