Royal Dutch Shell Plc 2nd Quarter 2008 Unaudited Results

Tags:: Royal Dutch Shell 2nd Quarter Results 2008 Jeroen Van Der Veer Shareholders Unaudited Earnings

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By: Medialink
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Updated: 23-Nov-09
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Added: 05-Aug-08

Royal Dutch Shell’s 2nd quarter 2008 earnings, on a current cost of supplies (CCS) basis, were $7.9 billion compared to $7.6 billion a year ago. Basic CCS earnings per share increased by 7% versus the same quarter a year ago.
A 2nd quarter 2008 dividend has been announced of $0.40 per share, an increase of 11% over the US dollar dividend for the same period in 2007.
Cash flow from operating activities for 2nd quarter 2008, excluding net working capital movements, was $15.9 billion. Net capital investment for the quarter was $5.7 billion. Total distribution to shareholders, in the form of dividends & share repurchases, was $3.8 billion & gearing was 14.5% at end of 2nd quarter.

On July 17 2008, Royal Dutch Shell, through its wholly owned subsidiary Shell Canada Limited, launched an offer to acquire all the outstanding shares of Duvernay Oil Corp. at a price of C$5.9 billion, including debt. The offer is subject to conditions and regulatory approvals.

A video report from Shell