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Bloomberg: Shell Third-Quarter Profit Probably Fell, Analysts Say (Table)

By Fred Pals

Oct. 23 (Bloomberg) — Royal Dutch Shell Plc, Europe’s largest oil company, is expected to report profit fell from a year earlier, a survey of analysts shows.

Shell’s third-quarter profit, excluding one-time items and gains or losses from inventories, probably slid 21 percent to $5.58 billion, from $7.03 billion a year earlier, according to the median estimate of 11 analysts surveyed by Bloomberg. Net income was $5.94 billion in the same quarter of 2006.

The Hague-based Shell reports earnings on Oct. 25 at 7 a.m. London time. Shell spokesman Wim van de Wiel said Oct. 18 that the average third-quarter estimate of profit, excluding inventories and one-time items, from analysts who gave forecasts to the company was $5.64 billion.

The following table shows analysts earnings estimates on the same basis according to the Bloomberg Survey.

Bloomberg survey of Shell’s 3Q Earnings Estimates
Company Profit, excl one-time items, inventories
                       (billions of dollars)

MF Global                5.62
Dresdner                 5.51
Evolution                5.70
Societe Generale         5.48
Citigroup                5.36
Credit Suisse            5.57
ING Wholesale            6.10
Bank of America          5.59
Oriel Securities         5.50
Lehman                   5.58
Theodoor Gilissen        5.83

RANGE                    5.36-6.10
AVERAGE                  5.62
MEDIAN                   5.58

Last Updated: October 23, 2007 08:21 EDT and its sister websites,,,,, and are all owned by John Donovan. There is also a Wikipedia article.

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