People & Business :: Earnings/Finance
Shell's fourth-quarter chemical earnings down 45%
8:14 AM MST | February 1, 2013 | Francinia Protti-Alvarez
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...
This information is only available to Chemical Week subscribers.
Forgot your user ID or password?
Not an IHS Chemical Week member yet?
Here's why you should be:
100% Satisfaction Guarantee