Shell sees profit slide

摘要

Shell reported a significant dip in profit in Q4 2019 compared to Q4 2018 due to lower oil and gas prices. Profit in Q4 2019 fell 48% to US $2.9 Bn from $5.7 Bn in Q4 2018, according to the company. Shell said that its CCS earnings attributable to shareholders excluding identified items at $2.9 Bn reflected “lower realized oil, gas and LNG prices, weaker realized refining and chemicals margins as well as negative movements in deferred tax positions, compared with Q4 2018. This was partly offset by stronger contributions from LNG trading and optimization.”