|Bid||2,493.00 x 216300|
|Ask||2,493.50 x 249300|
|Day's Range||2,453.00 - 2,494.00|
|52 Week Range||1,996.00 - 2,579.50|
|PE Ratio (TTM)||1,598.08|
|Forward Dividend & Yield||1.36 (5.73%)|
|1y Target Est||N/A|
Royal Dutch Shell has reported a 42 percent rise in first-quarter profit to its highest in more than three years on stronger oil prices and production. As Ivor Bennett reports, French oil and gas major Total is also enjoying the high price environment saying it will surpass its 2018 output target.
Jason Gammel, senior oil and gas analyst at Jefferies, discusses Royal Dutch Shell’s results and the broader oil market.
Shell (RDS.A) generated cash flow from operations of $9,427 million, helping it to cover cash dividend payments and interest.
Royal Dutch Shell rode the surge in oil prices to even greater heights, posting a profit not seen since the days of $100 a barrel.
Royal Dutch Shell reported on Thursday a 42 percent rise in first-quarter profit to its highest in more than three years on stronger oil prices and production, but its shares fell as the oil major's cash flow missed forecasts. Expectations are high for Shell to continue generating strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both fronts in 2017 thanks to its cost cuts and higher efficiencies. "The focus for the big oils in recent months has been the return to free cash flow, particularly given how strong Q1 normally is seasonally for the group," analysts at Barclays said in a note, which had said it expected a negative share reaction.
Royal Dutch Shell reported on Thursday a 42 percent rise in first-quarter profit to its highest in more than three years on stronger oil prices and production, but its shares fell as the oil major's cash flow missed forecasts. Expectations are high for Shell to continue generating strong profits and cash flow after the Anglo-Dutch company beat larger rival Exxon Mobil on both fronts in 2017 thanks to its cost cuts and higher efficiencies.
Eni (ENI.MI) executive Roberto Casula, who is being investigated over corruption allegations, has taken a leave of absence from the Italian oil major. Casula, a former head of Africa operations for the state-controlled major, has been questioned by Milan prosecutors in a case involving alleged corruption in the Congo Republic. "Noting the recent allegations made against me, and given the esteem in which I hold our business and colleagues, I have decided to take a temporary leave of absence from work," Casula said in an emailed comment to Reuters.
LONDON—Rising crude prices are supercharging earnings at the world’s major oil firms, but investors may need more convincing that Big Oil is back. Sharply climbing oil prices—and years of cost cutting when they were low—are rewarding some of the world’s largest oil producers with profits not seen since crude was trading around $100 a barrel. Today, international crude is back comfortably above $70 a barrel, and oil companies have enjoyed three months of strong pricing for their crude.
Britain's FTSE was flat on Wednesday, failing to ride a timid bounce by European shares as a missed cash flow forecast from Royal Dutch Shell (RDSa.L) disappointed investors and weighed heavily on the blue chip index . The FTSE (.FTSE) was flat at 0904 GMT, slightly below the broader European market boosted by encouraging corporate results at the exception of Germany's DAX (.GDAXI), which suffered from airline Lufthansa's weak earnings. Despite a 42 percent rise in first-quarter profit on stronger oil price, shares in Shell, a FTSE heavyweight, fell 2.9 percent as cash flows fell short of investors' strong expectations.
, which is leading the charge into cleaner-burning natural gas among Western majors, discovered that again last quarter. The fly in the ointment, like the quarter before, is Shell’s declining output of liquid fuels—crude oil and natural gas-drilling byproducts such as ethane—which means that it can’t fully reap the benefits of rebounding oil prices like European rival Total, which boosted its output by 14% on the year last quarter. While Shell is producing more oil from its continuing operations, its disposals of oil sands and other assets means total volumes were down 4% from a year earlier.
U.K. stocks pared losses Thursday, aided by a pullback in the value of the pound, but a decline in shares of oil giant Royal Dutch Shell PLC still weighed on London’s blue-chip benchmark
The The Hague, Netherlands-based company said it had profit of $1.40 per share. Earnings, adjusted for non-recurring gains, came to $1.28 per share. The results surpassed Wall Street expectations. The ...
European oil major Royal Dutch Shell's (RDS.A) profit growth further confirms the industry's resurgence from the deep oil slump.
PLC on Thursday reported its highest quarterly profit since 2013, as higher oil prices and years of cost cutting boosted earnings. The Anglo-Dutch oil giant said its first-quarter profit on a current cost-of-supplies basis -- a number similar to the net income that U.S. oil companies report -- rose 69% from a year earlier to $5.7 billion. The company delivered more than $5 billion in free cash flow -- a newly important metric for investors concerned about big oil companies’ ability to finance their dividends after the oil price collapsed in 2014.
Royal Dutch Shell increased its profits by 41 per cent in the first quarter, driven by higher oil prices, increased production and lower costs. The results highlighted the resurgence in oil industry profitability ...
Royal Dutch Shell Plc rode the surge in oil prices to even greater heights, posting a profit not seen since the days of $100 a barrel. Investors were displeased that the company didn’t take them along for the ride. While French rival Total SA has started disbursing the rewards of rising energy prices -- with higher dividends and share buybacks -- Shell has other priorities, at least for now.
Royal Dutch Shell and Total reported strong increases in first-quarter earnings as higher oil prices and rising production accelerated recovery at Europe’s two largest energy groups. Shell’s profits jumped ...
Royal Dutch Shell slipped after its first-quarter results showed weaker than expected operating cash flow. Shell’s earnings matched consensus forecasts but $9.4bn of adjusted cash flow from operations ...
When Pertamina's former chief executive, Elia Massa Manik, was fired on Friday, he became the state energy company's shortest-serving boss in more than a decade. Manik's firing and the dismissal of four other executives, along with Pertamina's fuel sales losses, starkly illustrate the competing priorities of the state-run firm.
The future of Mexico's successful energy reform appears uncertain as presidential candidate, Andres Manuel Lopez Obrador advocates constrained freedom for the sector.
Most Latin American currencies bounced back on Tuesday from a sell-off as U.S. bond yields steadied, but political uncertainty drove the Brazilian real to its weakest level in 16 months. Emerging market ...
SAO PAULO/BRASILIA (Reuters) - Brazil's Raizen Combustiveis SA agreed to buy downstream assets in Argentina from Royal Dutch Shell PLC (RDSa.L) for $950 million (680.17 million pounds), according to a securities filing on Tuesday. Raízen Combustiveis, a joint venture between Brazil´s Cosan SA Indústria e Comércio (CSAN3.SA) and Shell, will have a 20 percent market share in fuel distribution in Argentina after acquiring a network of 645 gas stations in the country. Raízen also is acquiring a refinery in Buenos Aires, LPG and aviation fuel terminals and a lubricant plant, among others, which have an annual net revenue of $3.3 billion.
Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market. Anglo-Dutch energy major Royal Dutch Shell (RDSa.L) and Inpex, Japan's biggest oil and gas producer, are vying for first gas from two overlapping fields after delays and cost overruns that have plagued both projects. The pair have spent billions on offshore facilities, including Shell's 490 metre (1,600 ft) long Prelude floating liquefied natural gas unit and Inpex's Ichthys Explorer semi-submersible platform, both the world's largest of their class.
Shell and Inpex are on the final stretch of a years-long race to export gas from offshore northern Australia, where both have spent billions of dollars building the world's biggest maritime vessels to grab a slice of Asia's booming LNG market.