Exploration & Production | Quarterly / Earnings Reports | Second Quarter (2Q) Update
Shell Wraps Up Review of Unconventionals; IDs Priority Plays
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Royal Dutch Shell's second quarter 2014 earnings, on a current cost of supplies (CCS) basis, were $5.1 billion compared with $2.4 billion for the same quarter a year ago. Earnings included an identified net charge of $1.0 billion after tax, mainly reflecting impairments which were partly offset by divestment gains.
Related: VIDEO: Shell's Ben van Beurden Talks 2Q Results
Royal Dutch Shell Chief Executive Officer Ben van Beurden commented: "We are making progress with the priorities I set out at the start of 2014: to balance growth and returns by focusing on better financial performance, enhanced capital efficiency, and continued strong project delivery.
"Shell's strategy is founded on technological expertise, disciplined capital investment, integrated operations, and large scale. This is…
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