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Third-quarter earnings excluding identified items and on a current cost of supply basis came in at $4.5bn£2.8bnbn) compared with a forecast range of between $4.9 and $5.1bn, down from $6.6bn a year ago.
Royal Dutch Shell and BP managed to beat first-quarter profit estimates by almost $1 billion apiece on a current cost of supply basis, or regardless of the strong rise in oil prices.
Similar(58)
On a current-cost-of-supplies basis, free of one-off items, Shell's earnings came in at $4.2 billion, slightly higher than the $4.1 billion expected by analysts.
As for Shell's downstream operations, the lack of demand for products like gasoline predictably knocked earnings down by 34.0%, on a current-cost-of-supplies basis, to $582 million.
It estimates the current cost of production, for a typical dairy farmer supplying to Tesco, at about 31.5p a litre.
The current optimal technology network solution does not supply the industrial heat for the ELIN Motorenwerk as this is not competitive to the current cost for supplying high temperature heat via a gas burner using natural gas at a price of 42.5 €/MWh.
The maintenance costs were the current costs of 2012.
The objective is to minimize total cost of supply chains.
For years, Naftogaz supplied households with extremely cheap gas (at 20-30% of the cost of supplying it).
It slopes upward to indicate that the cost of supplying public-intellectual services increases with the quantity supplied.
Cost for supplies: cost of supplies used for non-productive activities in the workplace, cost of books, learning software and videos, costs of working equipment.
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