In its Q1 2016 results Shell (RDSB) made revenues of US$48.6bn (-26% YoY) with net profit of US$455m for the period (-90% YoY). CCS earnings attributable to shareholders were US$814m (-83% YoY), however, excluding identified items CCS earnings were US$1.6bn (-58% YoY) which was better than the consensus figure of cUS$1.2bn. CCS earnings were, unsurprisingly, brought into the black by the downstream and integrated gas segments which made a profit of US$2bn and US$1bn versus the US$1.4bn loss m
