The company reported quarterly earnings on a current cost of supplies basis of $4.5 billion compared with $8 billion in the same period of 2013 – a decrease of 45% - despite seeing a 21% year-on-year rise in cash flow from operating activities to $14 billion.
This measurement methodology refers to the purchase price of volumes sold during the period based on the current cost of supplies after making allowance for the tax effect.
The
