iBankCoin
Joined Nov 11, 2007
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$RDS-A Posts a Miss in Profits

Royal Dutch Shell Plc (RDSA)Europe’s biggest energy company, said investment will increase after fourth-quarter profit missed analyst estimates on weaker U.S. and Canadian fuel prices.

Excluding one-time items and inventory changes, profit was $5.6 billion. That was below the $6.2 billion average estimate of 11 analysts surveyed by Bloomberg. Net capital spending of about $33 billion this year compares with $30 billion in 2012…”

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