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In terms of one ordinary share, the company's diluted earnings for the reporting period amounted to $ 1.95 versus $ 2.8 for 2018. Royal Dutch Shell's total revenue fell 11.2% to $ 352.107 billion.
The company's net profit for the fourth quarter of the reporting year fell 5.8 times, dropping to $ 965 million. Diluted earnings per share for the three reporting months amounted to $0.12 against 0.67 dollars a year earlier. Total revenue decreased by 18.7%, to $85.066 billion.
The company's net debt as of December 31, 2019 amounted to $ 79.094 billion, which is almost 1.5 times higher than at the end of 2018.
The company's earnings in the field of exploration and production (upstream) for 2019 fell by 38%, to $ 4.195 billion. Production amounted to 2.743 million barrels of oil equivalent per day, an increase of 1% in annual terms. For the fourth quarter, the company received a loss in this segment in the amount of $ 787 million against a profit of 1.60 billion a year ago. Production amounted to 2.813 million barrels of oil equivalent per day, which is almost the same as a year ago.
In the downstream segment, profit for the year decreased by 17% to $ 6.277 billion. The volume of sales of petroleum products decreased by 3% and amounted to 6.561 million barrels per day. In the fourth quarter, profit amounted to $ 1.037 billion, a decrease of 2.8 times in annual terms. Oil product sales fell 7% to 6.435 million barrels per day.
source: bloomberg.com
The company's net profit for the fourth quarter of the reporting year fell 5.8 times, dropping to $ 965 million. Diluted earnings per share for the three reporting months amounted to $0.12 against 0.67 dollars a year earlier. Total revenue decreased by 18.7%, to $85.066 billion.
The company's net debt as of December 31, 2019 amounted to $ 79.094 billion, which is almost 1.5 times higher than at the end of 2018.
The company's earnings in the field of exploration and production (upstream) for 2019 fell by 38%, to $ 4.195 billion. Production amounted to 2.743 million barrels of oil equivalent per day, an increase of 1% in annual terms. For the fourth quarter, the company received a loss in this segment in the amount of $ 787 million against a profit of 1.60 billion a year ago. Production amounted to 2.813 million barrels of oil equivalent per day, which is almost the same as a year ago.
In the downstream segment, profit for the year decreased by 17% to $ 6.277 billion. The volume of sales of petroleum products decreased by 3% and amounted to 6.561 million barrels per day. In the fourth quarter, profit amounted to $ 1.037 billion, a decrease of 2.8 times in annual terms. Oil product sales fell 7% to 6.435 million barrels per day.
source: bloomberg.com