Royal Dutch Shell Q3 Income Up 22%
Royal Dutch Shell has reported an income of $8.45 billion for the third quarter of 2008, a 22% increase, compared to the income for the same period of 2007.
Royal Dutch Shell’s earnings for the third quarter of 2008, on a current cost of supplies (CCS) basis, were $10.9 billion compared to $6.4 billion in the same period of 2007.
Year-to-date income was $29.08 billion, a 27% increase, compared to $22.86 billion for the same period of 2007. Year-to-date CCS earnings were $26.58 billion compared to $20.88 billion for the same period of 2007.
Oil and gas production, including oil sands bitumen production, for the third quarter of 2008 was 2.93 million barrels of oil equivalent per day (mboed), compared to 3.13mboed in the same quarter of 2007.
Jeroen van der Veer, CEO of Royal Dutch Shell, said: “We delivered satisfactory earnings and operating performance in the third quarter of 2008. We are watching the world economic situation closely. Shell is robust across a wide range of energy prices. Our strategy remains to pay competitive and progressive dividends, and to make significant investments in the company for future profitability.”