Marketing & Services results
Sales volumes in 2014 increased slightly compared to 2013 due to higher sales in growth areas and offset by lower sales in Europe, mainly due to the impact of weather conditions.
Adjusted net operating income for Marketing & Services in 2014 was $1,254 million, a decrease of 19% compared to 2013. This decrease is mainly due to the impact of weather conditions on sales in the first half of the year in Europe and lower margins in 2014, notably in the European network.
The ROACE (1) for the Marketing & Services segment was 13.3% in 2014 compared to 16.1% in 2013.
(1) Based on adjusted net operating income and average capital employed at replacement cost.