- Reuters•12 minutes ago
Royal Dutch Shell (RDSa.L) has disappointed investors with a 72 percent fall in quarterly profit that it blamed on weak oil prices and costs related to its $54 billion takeover of BG Group, showing how much strain it faces after the bumper deal. Shell missed analysts' estimates for second-quarter current cost of supplies - its definition of net income - by $1.1 billion mainly because they had expected a better performance at the upstream division, which lost $1.3 billion, compared with a $469 million deficit last year. "Lower oil prices continue to be a significant challenge across the business, particularly in the upstream (sector)," said Chief Executive Ben van Beurden, who said last month he wanted Shell to be the best oil company for investor returns.
- MarketWatch•1 hour ago
Investors are sifting through a flood of corporate earnings reports, as Royal Dutch Shell shares take a hit after its update, while Adidas shares jump.
|Bid||2,019.50 x 30600|
|Ask||2,020.00 x 27200|
|52wk Range||1,261.03 - 2,163.35|
|Day's Range||2,011.55 - 2,050.50|
|Avg Vol (3m)||7,095,847|
As of 6:40 AM EDT. LSE Delayed Price. Market open.