Shell Q4 2015 earnings expected to be $1.6 – 1.9 billion
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Income attributable to Shell shareholders is expected to be $0.6 – 1 billion for Q4.
Identified items for the fourth quarter 2015 are expected to be in the range of a net charge of $0.2 billion to an immaterial gain, mainly reflecting gains on sale of assets and impairments; and for the full year 2015 are expected to be a net charge of some $6.8 – 7 billion.
Income attributable to Royal Dutch Shell plc shareholders is expected to be in the region of $0.6 – 1 billion for the fourth quarter 2015 and for the full year 2015 expected to be in the region of $1.6 – 2 billion.
Shell's cash flow from operating activities for the fourth quarter 2015 is expected to be in the region of $4.8 – 6 billion and for the full year 2015 expected to be in the region of $29.2 – 30.4 billion.
Production for the fourth quarter 2015 was 3 million boe/d, and for the full year 2015 2.9 million boe/d.
Gearing is expected to be 14% at the end of 2015, including net debt of $27 billion, compared to 12.2% at the end of 2014, and 12.7% at the end of third quarter 2015.
Underscoring Shell's commitment to returns to shareholders, dividends declared for 2015 are expected to be $1.88/share or $12 billion, and for 2016 at least $1.88/share or, assuming successful completion of the combination, $15 billion in total. ■