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 has reported earnings of $4.8 billion on a current cost of supplies basis for the fourth quarter of 2008, compared to $6.7 billion for the same period of 2007.
For the full year 2008, the company has reported earnings of $31.4 billion on a current cost of supplies (CCS) basis, compared to $27.6 billion for the full year 2007. Full year 2008 cash flow from operating activities was $43.9 billion, compared to $34.5 billion in 2007.
According to Royal Dutch Shell, fourth quarter 2008 results were a loss of $2,810 million compared to earnings of $8,467 million in the same quarter a year ago, reflecting the impact of downstream net realised inventory effects as a consequence of applying the first-in, first-out (FIFO) inventory accounting method, under IFRS accounting rules.
Royal Dutch Shell has reported that cash flow from operating activities was $10.3 billion for the fourth quarter of 2008, compared to $5.3 billion for the same quarter of 2007.
Jeroen van der Veer, CEO of Royal Dutch Shell, said: “We delivered satisfactorily 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 investments in the company for future growth.”