Royal Dutch Shell plc said its first-quarter normalized net income was 56 cents per share, compared with the S&P Capital IQ consensus estimate of 43 cents per share.
EPS decreased 34.2% year over year from 84 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $3.54 billion, a decrease of 33.3% from $5.31 billion in the year-earlier period.
The normalized profit margin rose to 5.4% from 4.8% in the year-earlier period.
Total revenue decreased 40.1% on an annual basis to $65.71 billion from $109.66 billion, and total operating expenses fell 39.2% from the prior-year period to $62.63 billion from $103.08 billion.
Reported net income decreased year over year to $4.40 billion, or 69 cents per share, from $4.53 billion, or 72 cents per share.
