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People & Business :: Companies
Shell Chemical Profits Improve on Higher Volumes
4:43 AM MST | February 4, 2010 | Kerri Walsh
Shell says fourth-quarter earnings from its chemical business increased compared to the year ago period because of improved income from equity-accounted investments, higher sales volumes, and lower operating costs. Shell did not disclose earnings and sales results for its chemical business. Earnings improvements were partly offset by lower realized chemicals margins, Shell says. Chemical sales volumes rose 8%, to 4,835 m.t. Chemicals manufacturing plant availability increased to 95%, about 2% higher than the year-ago period, Shell says. Shell...
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