January 29, 2009 | by Shell
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January 29, 2009, Royal Dutch Shell’s fourth quarter 2008 earnings, on a current cost of supplies (CCS) basis, were $4.8 billion compared to $6.7 billion a year ago. Basic CCS earnings per share decreased by 27% versus the same quarter a year ago.
Full year 2008 CCS earnings were $31.4 billion compared to $27.6 billion for the full year 2007. Basic CCS earnings per share for the full year 2008 increased by 16% when compared to 2007.
Cash flow from operating activities for the fourth quarter 2008 was $10.3 billion. Net capital investment for the quarter was $6.8 billion. Total cash returned to shareholders, in the form of dividends and share repurchases, was $2.7 billion.
A fourth quarter 2008 dividend has been announced of $0.40 per share, an increase of 11% over the US dollar dividend for the same period in 2007. The first quarter 2009 dividend is expected to be declared at $0.42 per share, an increase of 5% compared to the first quarter 2008 US dollar dividend.
Royal Dutch Shell Chief Executive Jeroen van der Veer commented: "We delivered satisfactory performance in the fourth quarter of 2008, given the pressure on demand for oil and gas due to a weaker global economy. Our strategy remains to pay competitive and progressive dividends, and to make significant investments in the company for future profitability. Industry conditions remain challenging, and we are continuing the focus on capital and cost discipline in Shell."
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Source: Shell, Press release