Weaker Oil Prices Hit Shell Profits -- Finspreads

Weaker Oil Prices Hit Shell Profits -- Finspreads 
LONDON -- (Marketwire) -- 01/31/13 --  Finspreads: Annual profits for
oil company Royal Dutch Shell have fallen to $27 billion (GBP 17
billion), a drop in comparison to the $28.6 billion made in 2011. 
The retreat comes despite Shell's profits for the last three months
rising from $6.5 billion to $7.3 billion, but the company was hit by
the fall in oil prices throughout last year. 
In a statement released on its website, Shell's chief executive
described 2012 as a year of "headwinds," adding that the company is
"delivering a strategy that others can't easily repeat." 
Shell actually increased its output during last year, with 2012 being
the first year it sold more gas than oil in its history, and has
already stated an intention to press on with plans to deliver more
oil and gas, despite the difficult financial climate in many regions
across the world. 
At 1010GMT Shell's shares were valued on the FTSE 100 at 2277.50p, a
fall of 1.21 per cent. 
Learn more about spread betting strategies and the FTSE 100 index at
Finspreads. 
About Finspreads: 
Often underestimated by some traders, your trading psychology could
have a large impact on your success or failure as a spread bettor.  
Market prices are moving in real time and with volatility and your
open profits or losses fluctuating regularly, trading can be hard on
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without thinking about your trading plan or strategy. This is why
trading psychology can be an important element to consider when
trading if you want to fulfill your trading potential. 
What Sort of Trader Are You? 
Whilst most traders think of themselves as one of three types --
technical analysts, fundamental analysts or a combination of both --
there are also other factors that traders need to consider when
identifying what sort of trader you are. For instance, are you
looking to profit from very short-term price movements or do you plan
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Your losses are magnified in exactly the same way as your gains if
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Contact:
Joshua Raymond
Finspreads
+44(0)20-7107-7002
joshua.raymond@cityindex.co.uk 
 
 
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