

- Net income attributable to shareholders on a current cost of supplies (CCS) basis and excluding identified items, used as a proxy for net profit, came in at $16.462 billion for full-year 2019.
- That compared with a profit of $21.404 billion for full-year 2018, reflecting a year-on-year drop of 23%.
- The Anglo-Dutch energy giant warned last month that it would book additional charges against its income in the fourth quarter.
Oil giant Royal Dutch Shellreported a sharp fall in full-year net profit on Thursday, citing challenging macroeconomic conditions and lower oil and gas prices.
Net income attributable to shareholders on a current cost of supplies (CCS) basis and excluding identified items, which is used as a proxy for net profit, came in at $16.462 billion for the full-year 2019. That compared with a profit of $21.404 billion for full-year 2018, reflecting a year-on-year drop of 23%.
Analysts had expected full-year 2019 net income attributable to shareholders on a CCS basis, and excluding identified items, to come in at $17.770 billion, according to data from Refinitiv.