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Royal Dutch Shell Q2 profit falls YOY

Royal Dutch Shell plc said its normalized net income for the second quarter came to 53 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.

EPS decreased 41.3% year over year from 90 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.35 billion, a decrease of 40.8% from $5.66 billion in the prior-year period.

The normalized profit margin fell to 4.6% from 5.1% in the year-earlier period.

Total revenue fell 34.9% year over year to $72.40 billion from $111.22 billion, and total operating expenses fell 35.7% from the prior-year period to $67.91 billion from $105.65 billion.

Reported net income decreased 25.5% on an annual basis to $3.96 billion, or 62 cents per share, from $5.31 billion, or 84 cents per share.