Shell profit falls short of forecast

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Bloomberg
Last Updated : Feb 01 2013 | 12:10 AM IST

Royal Dutch Shell Plc, Europe’s biggest energy company, said investment will increase after fourth-quarter profit missed analyst estimates on weaker US 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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First Published: Feb 01 2013 | 12:10 AM IST

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