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On this page a summarised overview of the Royal Dutch Shell plc fourth quarter 2014 results and links to the full set of results documents and webcast.

Fourth quarter 2014 summary of unaudited results

  • Royal Dutch Shell’s fourth quarter 2014 earnings, on a current cost of supplies (CCS) basis (see Note 2), were $4.2 billion compared with $2.2 billion for the same quarter a year ago. Full year 2014 CCS earnings were $19.0 billion compared with $16.7 billion in 2013.

  • Fourth quarter 2014 CCS earnings excluding identified items (see page 6) were $3.3 billion compared with $2.9 billion for the fourth quarter 2013, an increase of 12%. Full year 2014 CCS earnings excluding identified items were $22.6 billion compared with $19.5 billion in 2013.

  • Compared with the fourth quarter 2013, CCS earnings excluding identified items benefited from improved Downstream results reflecting steps taken by the company to improve financial performance and the industry environment. In Upstream, earnings benefited from increased high-margin liquids production volumes and improved operational performance, and lower well write-offs. These items were more than offset by lower oil prices. Upstream earnings excluding identified items were impacted by $330 million related to an increase of a deferred tax liability as a result of the weakening Australian dollar.

  • Fourth quarter 2014 basic CCS earnings per share excluding identified items increased by 13% versus the fourth quarter 2013. Full year 2014 basic CCS earnings per share excluding identified items increased by 15% versus 2013.

  • Total cash dividends paid to shareholders in the fourth quarter 2014 were $3.0 billion. During the fourth quarter some 27.4 million shares were bought back for cancellation for a consideration of $1.0 billion.

  • Gearing at the end of 2014 was 12.2% compared with 16.1% at the end of 2013.

  • A fourth quarter 2014 dividend has been announced of $0.47 per ordinary share and $0.94 per American Depositary Share (“ADS”), an increase of 4% compared with the fourth quarter 2013.

  • Royal Dutch Shell is expected to announce a dividend of $0.47 per ordinary share and $0.94 per American Depositary Share (“ADS”) in respect of the first quarter 2015.
Q4 2014 summary of unaudited results

Summary of unaudited results

Quarters

$ million

Full year

Q4 2014

Q3 2014

Q4 2013

%1

 

2014

2013

%

 

 

 

 

 

 

 

 

773

4,463

1,781

-57

Income attributable to Royal Dutch Shell plc shareholders

15,052

16,371

-8

3,390

803

371

 

Current cost of supplies (CCS) adjustment for Downstream

3,989

374

 

4,163

5,266

2,152

+93

CCS earnings

19,041

16,745

+14

901

(581)

(763)

 

Identified items2

(3,521)

(2,747)

 

3,262

5,847

2,915

+12

CCS earnings excluding identified items

22,562

19,492

+16

 

 

 

 

 Of which:

 

 

 

1,730

4,343

2,477

 

          Upstream

16,505

15,117

 

1,550

1,793

558

 

          Downstream

6,265

4,466

 

(18)

(289)

(120)

 

          Corporate and Non-controlling interest

(208)

(91)

 

 

 

 

 

 

 

 

 

9,608

12,811

6,028

+59

Cash flow from operating activities

45,044

40,440

+11

 

 

 

 

 

 

 

 

0.66

0.83

0.34

+94

Basic CCS earnings per share ($)

3.02

2.66

+14

1.32

1.66

0.68

 

Basic CCS earnings per ADS ($)

6.04

5.32

 

0.52

0.92

0.46

+13

Basic CCS earnings per share excl. identified items ($)

3.57

3.10

+15

1.04

1.84

0.92

 

Basic CCS earnings per ADS excl. identified items ($)

7.14

6.20

 

 

 

 

 

 

 

 

 

0.47

0.47

0.45

+4

Dividend per share ($)

1.88

1.80

+4

0.94

0.94

0.90

 

Dividend per ADS ($)

3.76

3.60

 

1  Q4 on Q4 change

2  See page 6

Fourth quarter 2014 results financial documents

Fourth quarter 2014 dividend announcement

CEO statement

Ben Van Beurden - Shell CEO

“Our strategy is delivering with good performance on our three themes of financial performance, capital efficiency and project delivery. These will remain Shell’s priorities in 2015, as we continue to balance growth and returns.”

CEO video comment

Webcasts & Presentations

Ben van Beurden, Chief Executive Officer of Royal Dutch Shell plc hosted live video webcasts of the fourth quarter 2014 and full year results on Thursday January 29, 2015.

* If you are accessing this page on an iPad or iPhone, you can also download and install our Investor & Media app  and go to the Results section to listen to these webcasts.