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Shell's Q2 Financials Gouged by BG Deal, LNG Projects Canceled
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Royal Dutch Shell plc released its second quarter results and second quarter interim dividend announcement for 2016.
Second Quarter 2016 Summary: Following the acquisition on February 15, 2016, BG Group plc has been consolidated within Royal Dutch Shell’s results. Royal Dutch Shell’s second quarter 2016 CCS earnings attributable to shareholders were $0.2 billion compared with $3.4 billion for the same quarter a year ago. Second quarter 2016 CCS earnings attributable to shareholders excluding identified items were $1.0 billion compared with $3.8 billion for the second quarter 2015, a decrease of 72%. Compared with the second quarter 2015, CCS earnings attributable to shareholders excluding identified items were impacted by the decline in oil, gas and LNG prices, the depreciation step-up…- ✓ Full news archive — U.S., Canada & international coverage
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