Latest earnings
The Shell chemicals companies are part of the Shell Group and as such do not publish their own separate financial results or annual reports. Latest earnings data for the Chemicals class of business are reported here, but for more detailed information and the full Shell Group results please click on the link to 'Group investor relations' in the related websites option box.
| Q1 2008 | Q4 2007 | Q1 2007 | % change Q1 2008 to Q1 2007 | Full Year 2007 | Full Year 2006 | % change | |
|---|---|---|---|---|---|---|---|
201 | 348 | 480 | -58 | Segment CCS earnings for Chemicals (USD million) | 1,682 | 1,095 | +54 |
5,459 | 5,633 | 5,567 | -2 | Sales volumes (thousand tonnes) | 22,555 | 23,137 | -3 |
First quarter Chemicals segment earnings were $348 million compared to $527 million for the same period last year.
First quarter Chemicals CCS segment earnings were $201 million compared to $480 million in the same quarter last year.
CCS earnings, when compared to the first quarter 2007, reflected lower margins, higher operating costs and lower income from equity-accounted investments. In addition, earnings were impacted by reduced trading contributions.
Chemicals manufacturing plant availability increased to 95%, some 4 percent-points higher than in the first quarter 2007.
Full year results for 2007
Full year Chemicals segment earnings were $2,051 million compared to $1,064 million in 2006.
Full year Chemicals CCS segment earnings were $1,682 million compared to $1,095 million in 2006. Earnings for the full year 2007 included a net charge of $28 million related to identified items compared to a net charge of $113 million in 2006.
Earnings, when compared to full year 2006, reflected higher margins, higher earnings from equity-accounted investments and lower fixed costs, which were partly offset by a reduced trading contribution. Earnings from equity-accounted investments included the first full year of operations of the Nanhai petrochemicals complex in China (Shell share 50%).
Chemicals manufacturing plant availability increased to 93%, some 3% points higher than in 2006, which was impacted by a heavy planned maintenance programme in the USA and Europe.
