Royal Dutch Shell (Shell) posted a sharp fall in earnings for the first three months of 2016 on Wednesday, as the tumble in oil prices continued to take its toll.
Earnings on a current cost of supplies (CCS) basis came in at $0.8 billion, versus $4.8 billion in the first quarter of 2015.
A first quarter dividend of $0.47 per ordinary share and $0.94 per American Depositary Share (ADS) was announced.
Excluding identified items, CCS earnings for the quarter read $1.55 billion. Analysts expected $1.04 billion, according to Reuters.
The results were the first Shell has posted since its acquisition of BG Group in February. The $54 billion buy will give Shell greater access to Brazil's deepwater oil fields.