Oil and gas giant Shell’s current cost of supply earnings, excluding identified items, in the third quarter of 2019 fell 15 percent. CCS income was ~$4,8 billion, down from ~$5,6 billion a year ago. The third-quarter revenue was $86,6 billion, down from $100,1 billion a year ago.
Shell on Thursday said that compared with the third quarter 2018, CCS earnings attributable to shareholders excluding identified items were $4.8 billion, reflecting lower realized oil, LNG and gas prices, as well as weaker, realized refining and chemical margins. This was partly offset by significantly stronger contributions from LNG and oil products trading and optimization as well as higher realized margins in retail and global commerce, Shell said.
Brazil Energy Insight 
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