Brocker.Org: Shell posts earnings of $3.5 billion in 2016 an 8% slide from $3.8 billion in 2015 – CNBC

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Oil big Royal Dutch Shell posted fourth-quarter earnings of $one. billion, when compared with $one.8 billion for the similar quarter a 12 months ago.

“We are reshaping Shell and delivered a great dollars move efficiency this quarter with around $nine billion in dollars move from operations. Credit card debt has been decreased and, for the second consecutive quarter, free of charge dollars move much more than protected our dollars dividend,” Ben van Beurden, main executive officer of Royal Dutch Shell, reported in the report.

Applying the present-day value of provides (CCS) earnings attributable to shareholders determine, a key metric utilized to gauge earnings for oil majors, the oil big reported total-12 months earnings arrived in at $3.5 billion, when compared with $3.8 billion in 2015.

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