Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Royal Dutch Shell plc    RDSA   GB00B03MLX29

ROYAL DUTCH SHELL PLC

(RDSA)
  Report
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsMarketScreener StrategiesAnalyst Recommendations

Shell to Book $15Bln-$22Bln Impairments After Lowering Price Forecasts

share with twitter share with LinkedIn share with facebook
06/30/2020 | 02:35am EDT

By Jaime Llinares Taboada

 

Royal Dutch Shell PLC said Tuesday that it expects to book post-tax impairments of between $15 billion and $22 billion in the second quarter after it revised lower its oil and gas mid- and long-term price expectations.

The British-Dutch oil giant said that the revised commodity prices and refining margin outlooks reflect the expected effects of the coronavirus pandemic and related macroeconomic, as well as energy market demand and supply fundamentals.

Shell now sees the long-term Brent oil price at $60 per barrel, and the Henry Hub gas price at $3.0 per million British thermal units. In addition, average long-term refining margins have been lowered by around 30%.

The company said that $8 billion to $9 billion impairments are related to its integrated gas division, whereas $4 billion-$6 billion relate to the upstream business, and $3 billion-$7 billion to the oil products unit.

 

Write to Jaime Llinares Taboada at jaime.llinares@wsj.com; @JaimeLlinaresT

 

Stocks mentioned in the article
ChangeLast1st jan.
LONDON BRENT OIL 0.52% 42.4 Delayed Quote.-35.11%
ROYAL DUTCH SHELL PLC 1.40% 14.608 Delayed Quote.-44.91%
WTI 0.44% 39.715 Delayed Quote.-34.61%
share with twitter share with LinkedIn share with facebook
Latest news on ROYAL DUTCH SHELL PLC
05:34aAustralia's Woodside to take $4.37 billion loss from coronavirus
RE
04:03aAustralia's Woodside to take $4.37 bln loss from coronavirus
RE
07/13Brazil's aviation gasoline market disrupted amid quality concerns
RE
07/12ROYAL DUTCH SHELL : Magu - International Groups Write Buhari, Say Nigeria's Anti..
AQ
07/09EUROPE : European stocks slide as Wall Street hit by virus surge
RE
07/09UK stocks mark worst day in two weeks on energy losses, virus fears
RE
07/09Energy industry veterans to launch hydrogen investment fund
RE
07/08ROYAL DUTCH SHELL : The Many Lies of the Milan Prosecutor - Lawyers to Ex-Minist..
AQ
07/07Shell weighs sale of Convent, Louisiana refinery - sources
RE
07/07OPL 245 : Adoke faults Milan prosecutor
AQ
More news
Financials (USD)
Sales 2020 230 B - -
Net income 2020 2 866 M - -
Net Debt 2020 74 264 M - -
P/E ratio 2020 64,6x
Yield 2020 4,53%
Capitalization 123 B 124 B -
EV / Sales 2019
EV / Sales 2020 0,86x
Nbr of Employees 83 000
Free-Float 99,6%
Chart ROYAL DUTCH SHELL PLC
Duration : Period :
Royal Dutch Shell plc Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends ROYAL DUTCH SHELL PLC
Short TermMid-TermLong Term
TrendsBearishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 14
Average target price 20,20 $
Last Close Price 16,35 $
Spread / Highest target 108%
Spread / Average Target 23,6%
Spread / Lowest Target -42,0%
EPS Revisions
Managers
NameTitle
Bernardus Cornelis Adriana Margriet van Beurden Chief Executive Officer & Executive Director
Charles Otis Holliday Chairman
Jessica Rodgers Uhl Chief Financial Officer & Director
Harry Brekelmans Director-Technology & Projects
Gerard Johannes Kleisterlee Deputy Chairman
Sector and Competitors
1st jan.Capitalization (M$)
ROYAL DUTCH SHELL PLC-44.91%123 582
SAUDI ARABIAN OIL COMPANY-5.53%1 774 486
PETROCHINA COMPANY LIMITED-29.16%114 695
TOTAL S.A.-31.48%99 086
GAZPROM-23.36%65 826
PETRÓLEO BRASILEIRO S.A. - PETROBRAS-26.57%54 954