Shell (RDS.A) unveiled ambitious new growth plans amid tepid Q4 results. Adjusted Q4 net income...

|By:, SA News Editor

Shell (RDS.A) unveiled ambitious new growth plans amid tepid Q4 results. Adjusted Q4 net income of $4.85B missed consensus of $5.17B. Shell projects production, currently 3.215M boe/d (down 3% Y/Y), rising to 4M by 2017-2018. Bear in mind that production has fallen every year since 2002 except 2010. Shares -2.2% in London. (Reuters)