
Refining profits and brokering activities have contributed to the reduction of landing Shell profits in the first quarter of the year, which fell by less than expected after that caused the collapse of oil prices in the reduction of the oil and gas sector profits strongly. Shell joined rivals BP and Total, which this week announced profits better than expected thanks to the refining activities of oil companies, a sector in general sought to be reduced in recent years, but it has proven its value and Jaddaoh during the recent decline in oil prices. In contrast to these companies announced major Norwegian oil company Statoil, which does not have the refining capacity remember incurred a net loss for a surprise in the first quarter. He said Ben Van Bjordn CEO of Shell "Our results reflect the integrated strength of our activities." However, Shell reduced its planned capital investment in 2015 to $ 33 billion from the previous indicative figure of 35 billion dollars. By 0703 GMT, shares of Shell 1.6 percent, surpassing the performance of the European oil and gas sector stocks rose. Shell announced a decline in net profit for the first quarter 56 percent to $ 3.2 billion. The net profit higher than analysts' expectations of a profit of $ 2.4 billion. Shell maintained a cash dividend of 47 cents a share and said it will use the acquisition to be on the smaller British rival BG Group to maximize the benefit of its asset base. And increased refining profits and brokering activities also known as the downstream operations to $ 2.65 billion in the first quarter of 2015 compared with 1.575 billion a year earlier, which offset a sharp decline in oil and gas production earnings to $ 675 million from 5.7 billion a year ago. The average Brent price of $ 55 a barrel in the first quarter of the year, down by almost half from a year earlier. Shell said it has sold assets worth two billion dollars since the beginning of the year as part of a move to keep the more profitable assets only. Refining activities limit the Shell profits drop after drop in oil prices
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