Shell chief executive Peter Voser
Media playback is unsupported on your device

Shell 'on track to achieve targets'

Royal Dutch Shell is "on track to achieve its targets" despite a fall in profits chief executive Peter Voser has said.

Annual profits at Shell in 2012 were $27bn (£17bn), down from $28.6bn in 2011.

Mr Voser said that costs of production were "on the rise" and had impacted the company's results.

Go to next video: Oil ruling 'a victory for Shell'