Shell's fourth-quarter chemical earnings down 45%

Royal Dutch Shell's fourth-quarter chemical earnings, on a current cost of supplies (CCS) basis, were down 45% year-on-year, to $209 million from the $380 million reported in the fourth quarter of 2011, the company says. Chemical CCS earnings were nevertheless up about 3.5% quarter-on-quarter, and sales volumes were down 1.7% during the same period, suggesting pricing-strategy improvements.   "Chemicals earnings were lower, mainly as a result of higher operating expenses, and in the United States, supply constraints of advantaged feedstock," Shell...

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