Shell's full-year net profit tumbles 23% on lower oil and gas prices

Shell earnings: full-year net profit comes in at $16.4 billion vs. $17.7 billion expected

Net income attributable to shareholders on a current cost of supplies basis and excluding identified items, used as a proxy for net profit, came in at $16.462 billion for full-year 2019.

The Anglo-Dutch energy giant warned last month that it would book additional charges against its income in the fourth quarter.Royal Dutch Shell Net income attributable to shareholders on a current cost of supplies basis and excluding identified items, which is used as a proxy for net profit, came in at $16.462 billion for the full-year 2019. That compared with a profit of $21.404 billion for full-year 2018, reflecting a year-on-year drop of 23%.

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