Shell's earnings disappoint

Underlying fourth quarter earnings at Anglo-Dutch integrated oil behemoth Royal Dutch Shell came in below expectations, but there was some good news for the company's legion of shareholders as the company announced plans to nudge up the quarterly dividend.

Underlying fourth quarter earnings at Anglo-Dutch integrated oil behemoth Royal Dutch Shell came in below expectations, but there was some good news for the company's legion of shareholders as the company announced plans to nudge up the quarterly dividend.

Net income on a current cost of supplies (CCS) basis, excluding various exceptional items such as gains from divestments and fair value accounting adjustments, rose to $4.8bn from $3.1bn the year before, but were below the $5.2bn the market was expecting. Adjusted basic CCS earnings per share (EPS) climbed to 78 cents from 67 cents in the fourth quarter of 2011 but fell back from the third quarter's $1.12.

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