THIRD QUARTER: Profit at Royal Dutch Shell PLC, Europe's largest oil company, fell because of weaker demand for fuel and a drop in output, particularly in Nigeria, where attacks on pipelines have forced shutdowns.
BREAKDOWN: Earnings, after stripping out the impact of fluctuations of oil prices between when it is produced and when it is sold, fell to $4.25 billion (3.10 billion euros) from $6.15 billion in the same quarter a year ago. Net profit, which does not strip out those fluctuations, fell to $4.68 billion from $7.16 billion.
NEXT YEAR: Chief Financial Officer Simon Henry said earnings will recover in 2014 as investment costs fall, but the company is still planning significant capital expenditures.
- Company Earnings
- Royal Dutch Shell PLC