Royal Dutch Shell News 31 Jan 2019
Royal Dutch Shell Plc came through a quarter of volatile oil prices to beat earnings estimates, delivering a surge in cash flow the company said will underpin “world-class” returns to investors. The better-than-expected performance should help to ease questions about whether Shell can simultaneously afford to reduce debt, and complete its share-buyback program, while also paying one of the world’s largest cash dividends. Yet it also underlines some analysts’ concerns about the level of investment, as replacement of reserves fell well below average. FULL ARTICLE
Royal Dutch Shell PLC RDSB on Thursday reported a rise in profit for the fourth quarter of 2018, saying it had benefited from high prices in oil, gas and liquid natural gas. The British-Dutch oil giant said its profit for the three months ended Dec. 31 on a net current cost-of-supplies basis–a number similar to the net income that U.S. oil companies report–was $7.33 billion compared with $3.08 billion in the year-earlier period. FULL ARTICLE
Oil giant Royal Dutch Shell reported better-than-expected full-year earnings on Thursday, as deep cost cuts introduced after the 2014 energy market downturn filtered through. Full-year profits jumped 36 percent to $21.4 billion in 2018 — with cost savings helping the Anglo-Dutch company record its highest annual profits since 2014. FULL ARTICLE
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Posted in: Bloomberg, Gas, Oil, Oil Company Profits, Oil Prices, Royal Dutch Shell, Royal Dutch Shell Plc, Shell.
Tagged: Gas · Oil · Oil Prices · Royal Dutch Shell Plc · Shell
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