Shell books first quarter losses

The British-Dutch oil major's profit unsurprisingly slides 7 percent in the first quarter, and Shell has actually exceeded analysts' forecasts.

Photo: Shell

At first glance, Shell's Q1 interim report does not appear to be one the company's best periods.

Shell, which calculates its profits from CCS (current cost of supplies) earnings, landed at Q1 profit of USD 5.3 billion against USD 5.7 billion in the same period last year – a 7 percent decline, which was also reflected in the company's key figures.

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