1st quarter 2013 unaudited results (excerpt)
• Royal Dutch Shell’s first quarter 2013 earnings, on a current cost of supplies (CCS) basis (see Note 1), were $8.0 billion compared with $7.7 billion for the first quarter 2012.
• First quarter 2013 CCS earnings excluding identified items (see page 6) were $7.5 billion compared with $7.3 billion for the first quarter 2012, an increase of 3%.
• Basic CCS earnings per share excluding identified items for the first quarter 2013 increased by 2% versus the same quarter a year ago.
• Cash flow from operating activities for the first quarter 2013 was $11.6 billion. Excluding working capital movements, cash flow from operating activities for the first quarter 2013 was $11.5 billion.
• Capital investment for the first quarter 2013 was $8.8 billion. Net capital investment (see Note 1) for the quarter was $8.2 billion.
• Total dividends distributed in the quarter were some $2.7 billion, of which $0.8 billion were settled under the Scrip Dividend Programme. During the first quarter some 16.1 million shares were bought back for cancellation for a consideration of some $0.5 billion.
• Gearing at the end of the first quarter 2013 was 9.1%.
• A first quarter 2013 dividend has been announced of $0.45 per ordinary share and $0.90 per American Depositary Share (“ADS”), an increase of 5% compared with the first quarter 2012.
• Comparative information in this Report has been restated following the adoption of revised IAS 19 Employee Benefits on January 1, 2013, with retrospective effect (see Note 2). Comparative information was not restated for other accounting policy changes (see Note 1) for which the impacts are not significant, including the adoption of IFRS 11 Joint Arrangementson January 1, 2013, which results in certain previously equity-accounted entities now in effect being proportionately consolidated.
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Summary OF unaudited results |
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|---|---|---|---|---|
|
$ million |
Quarters |
|||
|
Q1 2013 |
Q4 2012 |
Q1 2012 |
% 2 |
|
|
Income attributable to shareholders |
8,176 |
6,728 |
8,737 |
-6 |
|
Current cost of supplies (CCS) adjustment for Downstream |
(225) |
623 |
(1,060) |
|
|
CCS earnings |
7,951 |
7,351 |
7,677 |
+4 |
|
Less: Identified items |
431 |
1,712 |
380 |
|
|
CCS earnings excluding identified items |
7,520 |
5,639 |
7,297 |
+3 |
|
Of which: |
||||
|
Upstream |
5,648 |
4,401 |
6,270 |
|
|
Downstream |
1,848 |
1,190 |
1,122 |
|
|
Corporate and Non-controlling interest |
24 |
48 |
(95) |
|
|
Cash flow from operating activities |
11,559 |
9,913 |
13,439 |
- 14 |
|
Basic CCS earnings per share ($) |
1.26 |
1.17 |
1.23 |
+2 |
|
Basic CCS earnings per ADS ($) |
2.52 |
2.34 |
2.46 |
|
|
Basic CCS earnings per share excl. identified items ($) |
1.19 |
0.90 |
1.17 |
+2 |
|
Basic CCS earnings per ADS excl. identified items ($) |
2.38 |
1.80 |
2.34 |
|
|
Dividend per share ($) |
0.45 |
0.43 |
0.43 |
+5 |
|
Dividend per ADS ($) |
0.90 |
0.86 |
0.86 |
|
