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News and Media Releases
Second quarter and half year 2010 results and interim dividend announcement
Royal Dutch Shell Chief Executive Officer Peter Voser commented:
“We are delivering on our strategy. Shell’s cost programmes have delivered over $3.5 billion of annualised underlying savings. Our investments have underpinned a 5% increase in oil and gas production for the quarter, a 34% increase in LNG sales volumes, and an 18% increase in chemicals sales volumes. This is a good performance from Shell, despite today’s challenging macro economic conditions. We are on track for growth.
We are making good progress on delivering performance improvement, a new wave of production growth, and maturing the next generation of growth options for shareholders.
The corporate restructuring programme we announced a year ago, called Transition 2009, is now complete. The three new businesses, created in Transition 2009 ... " [read the full comment in the Quarterly Results Announcement]