Create a free Manufacturing.net account to continue

Shell Oil Misses 4Q Profit Forecasts

Royal Dutch Shell PLC (RDS.A) on Thursday reported fourth-quarter profit of $1.54 billion.

THE HAGUE, Netherlands (AP) Royal Dutch Shell PLC (RDS.A) on Thursday reported fourth-quarter profit of $1.54 billion.

On a per-share basis, the The Hague, Netherlands-based company said it had net income of 38 cents. Earnings, adjusted for non-recurring costs, were 44 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.

The oil and gas company posted revenue of $67.09 billion in the period.

For the year, the company reported profit of $4.58 billion, or $1.16 per share. Revenue was reported as $233.59 billion.

Shell Oil shares have decreased slightly since the beginning of the year. The stock has climbed 25 percent in the last 12 months.

More in Chemical Processing