The Strategist

Royal Dutch Shell net profit falls by 32% in 2019

01/30/2020 - 10:25

The net profit of the Anglo-Dutch Royal Dutch Shell attributable to the shareholders of the company in 2019 decreased by 32.1% in annual terms and amounted to $15.843 billion, follows from the company's statements.

Open Grid Scheduler via flickr
Open Grid Scheduler via flickr
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.