Shell's 1Q Earnings Beat Estimates -- Earnings Review

Date : 05/02/2019 @ 11:22AM
Source : Dow Jones News

Shell's 1Q Earnings Beat Estimates -- Earnings Review

Royal Dutch Shell (LSE:RDSB)
Historical Stock Chart

3 Months : From Apr 2019 to Jul 2019

Click Here for more Royal Dutch Shell Charts.

By Oliver Griffin

 

Royal Dutch Shell PLC (RDSB.LN) reported its results for the first quarter of 2019 on Thursday. Here's how it came in:

 

EARNINGS: Shell reported a profit for the three months ended March. 31 on an adjusted net current cost-of-supplies basis--a figure similar to the net income that U.S. oil companies report and which strips out certain items--of $5.3 billion. While down on the year-earlier period, it beat a consensus estimate from 23 analysts compiled by Vara Research that forecast $4.54 billion.

 

REVENUE: Shell reported first-quarter revenue of $83.74 billion, down 6.2% on the previous year. A consensus estimate from three analysts supplied by FactSet had forecast the Anglo-Dutch oil company's revenue at $82.2 billion.

 

WHAT WE WATCHED:

 

-BUYBACKS: Shell launched its latest tranche of buybacks and racked up the figure to $2.75 billion. The company launched a $25 billion buyback program last year and the previous tranche had been worth $2.5 billion.

-INTEGRATED GAS: Total gas production slipped 12% as a result of previous disposals, as previously advertised by Shell. However, the divisions cash flow from operations rose 65% to $4.23 billion, boosted by rising realized prices in gas and liquefied natural gas.

 

Shares at 0942 GMT were up 2.5% at 2,489 pence.

 

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

 

(END) Dow Jones Newswires

May 02, 2019 06:07 ET (10:07 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

Latest RDSA Messages

{{bbMessage.M_Alias}} {{bbMessage.MSG_Date}} {{bbMessage.HowLongAgo}} {{bbMessage.MSG_ID}} {{bbMessage.MSG_Subject}}

Loading Messages....


No posts yet, be the first! No {{symbol}} Message Board. Create One! See More Posts on {{symbol}} Message Board See More Message Board Posts


Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.


NYSE, AMEX, and ASX quotes are delayed by at least 20 minutes.
All other quotes are delayed by at least 15 minutes unless otherwise stated.