Here's what you need to know:
- Adjusted earnings have slumped from last year, down 37% to $3.8 billion (£2.44 billion). That's still better than the $3.4 billion analysts expected.
- Revenue for the first half of the year is down from $220.9 billion (£141.66 billion) in 2014 to $138.1 billion (£88.56 billion) this year.
- 6,500 jobs will be cut across the board.
- Capital investment has been cut by a fifth, down $7 billion (£4.49 billion).
- They're selling $20 billion (£12.83 billion) in assets over 2014-15.
Here's what CEO Ben van Beurden had to say:
"We have to be resilient in a world where oil prices remain low for some time, whilst keeping an eye on recovery. We’re taking a prudent approach, pulling on powerful financial levers to manage through this downturn, always making sure we have the capacity to pay attractive dividends for shareholders."
Shares are up by 2.68% about an hour after the open, leading the FTSE 100.
Business Insider
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