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Third quarter 2009 results
Royal Dutch Shell Chief Executive Officer Peter Voser commented:
"Our third quarter results were affected by the weak global economy. Upstream and Downstream profitability has been sharply reduced compared to year-ago levels. We see some indications that energy demand and pricing are improving, but the outlook remains very uncertain, and we are not expecting a quick recovery. Despite Shell's good operating performance in this difficult environment, we have embarked on an ambitious programme of stringent measures to further improve our performance.
I am pleased with the portfolio progress in the third quarter. In Russia, production ramp-up of the Sakhalin II LNG project has been achieved ahead of schedule. In Australia, we have launched the Gorgon project, which will supply global LNG markets for decades to come. Our strategy remains on track, although the near-term industry outlook remains challenging. We are taking steps to improve our performance, to bridge the company, and our shareholders, into a period of significant growth in the coming years."
Royal Dutch Shell plc 3rd Quarter and Jan-Sept 2009 Unaudited Results (US$ million)
|Income before taxation||4,569||15,467||-70||16,146||51,290||-69|
|Income attributable to shareholders||3,247||8,448||-62||10,557||29,087||-64|