Royal Dutch Shell: The Cash Machine
Nov 6th, 2017
by John Donovan.


Sarfaraz A. Khan: Nov. 6, 2017 12:35 PM ET
Summary
- Royal Dutch Shell has reported nearly 50% increase in profits following improvement in energy prices which fueled a turnaround of its upstream division.
- In the first three quarters of 2017, Royal Dutch Shell generated $15.42 billion of free cash flows (ex. working cap. changes), surpassing even the industry’s cash flow king Exxon Mobil.
- Oil prices have climbed to almost $61 a barrel and could stay at this level in the future, which could give a major boost to Shell’s earnings and cash flows.
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Posted in: BG Group, Brazil, Chevron, Exxon Mobil, Gulf of Mexico, Oil, Oil Company Profits, Oil Prices, OPEC, Royal Dutch Shell Plc, Russia, Shell.
Tagged: BG Group · Chevron · ExxonMobil · Gulf of Mexico · Oil · Royal Dutch Shell Plc · Shell
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