(MENAFN) Royal Dutch Shell plc., the Anglo-Dutch oil and Gas Company anticipates a sharp decline in profits throughout the full year 2015, as the acquiring deal of rival BG Group is on the verge of completion.
Income for the three months to Dec on a current cost of supplies basis (CCS), excluding identified items, is strongly forecasted to be between USD1.6-1.9 billion, while the full year revenue about USD10.4-10.7 billion.
Shell is vertically integrated and is active in every area of the oil and gas industry, including exploration and production, refining, distribution and marketing, petrochemicals, power generation and trading.
"Bold, strategic moves shape our industry. The completion of the BG transaction, which we are expecting in a matter of weeks, will mark the start of a new chapter in Shell and rejuvenate the company," said the firm's CEO.
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