Royal Dutch Shell Plc  .com Rotating Header Image

Shell Q1 profits beat forecast on record oil:$7.85 BILLION

Google Images: Shell logo

Reuters: Shell Q1 profits beat forecast on record oil

Tue Apr 29, 2008 6:37am BST

LONDON, April 29 (Reuters) – Royal Dutch Shell Plc (RDSa.L: Quote, Profile, Research) beat forecasts on Tuesday with a 12 percent rise in its first quarter current cost of supply net income, helped by record oil prices.

Excluding non-operating items, which amounted to a net charge of $77 million, the CCS result, which strips out the impact of changes in the value of fuel inventories, was $7.85 billion.

A Reuters poll of 11 analysts gave an average forecast of $6.84 billion for Shell’s first quarter CCS earnings, excluding non-ops.

(Reporting by Tom Bergin, Editing by Mark Potter)

© Thomson Reuters 2008 All rights reserved.

http://uk.reuters.com/article/hotStocksNews/idUKWLB063520080429

royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.

0 Comments on “Shell Q1 profits beat forecast on record oil:$7.85 BILLION”

Leave a Comment